Y Intercept Hong Kong Ltd Purchases Shares of 2,278 Aon plc (NYSE:AON)

Y Intercept Hong Kong Ltd bought a new stake in Aon plc (NYSE:AON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,278 shares of the financial services provider’s stock, valued at approximately $788,000.

A number of other large investors also recently made changes to their positions in the company. Farallon Capital Management LLC grew its holdings in AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the third quarter valued at about $336,375,000. Veritas Asset Management LLP grew its stake in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after purchasing an additional 548,563 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $361.20 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The stock has a market cap of $78.12 billion, a PE ratio of 30.48, a PEG ratio of 2.28 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm’s fifty day moving average price is $371.79 and its two-hundred day moving average price is $336.92.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON’s payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AON. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Bank of America upped 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. TD Cowen raised their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $315.00 to $377.00 in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $362.06.

Insider Buying and Selling at AON

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

AON Company Profile

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.