Chevy Chase Trust Holdings LLC Decreases Stake in Aon plc (NYSE:AON)

Chevy Chase Trust Holdings LLC lowered its stake in Aon plc (NYSE:AON) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,549 shares of the financial services provider’s stock after selling 2,238 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of AON worth $41,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of AON during the second quarter valued at approximately $31,000. Diamond Hill Capital Management Inc. purchased a new position in shares of AON during the 3rd quarter worth about $336,375,000. Vontobel Holding Ltd. grew its stake in shares of AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after buying an additional 57,847 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of AON by 255.5% during the first quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock worth $6,490,000 after purchasing an additional 13,977 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in AON by 5.0% in the 3rd quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock worth $33,979,000 after acquiring an additional 4,666 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on AON shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America raised their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $362.06.

AON Stock Down 1.1 %

Shares of AON stock opened at $387.31 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The business has a 50-day moving average price of $366.76 and a 200 day moving average price of $331.55. The firm has a market cap of $83.76 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.45 and a beta of 0.91.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is currently 22.78%.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.