Aon plc (NYSE:AON) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management cut its holdings in Aon plc (NYSE:AON) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,054 shares of the financial services provider’s stock after selling 121 shares during the quarter. Bar Harbor Wealth Management’s holdings in AON were worth $379,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AON. Anchor Investment Management LLC increased its position in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of AON during the third quarter valued at $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON in the 3rd quarter valued at about $42,000. Eastern Bank acquired a new stake in shares of AON during the 3rd quarter worth about $43,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter worth about $45,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Bank of America raised their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $368.67.

AON Stock Up 1.6 %

Shares of NYSE AON opened at $355.02 on Tuesday. The stock has a fifty day moving average price of $369.99 and a 200 day moving average price of $347.42. The company has a market cap of $76.78 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.27 and a beta of 0.93. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insiders Place Their Bets

In other news, 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 transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the 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 transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.