Mount Yale Investment Advisors LLC Cuts Stock Holdings in Aon plc (NYSE:AON)

Mount Yale Investment Advisors LLC lessened its holdings in Aon plc (NYSE:AON) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,450 shares of the financial services provider’s stock after selling 1,889 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in AON were worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Diamond Hill Capital Management Inc. acquired a new position in AON during the third quarter worth $336,375,000. Veritas Asset Management LLP grew its stake in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AON by 334.9% in the 3rd 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 valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of AON in the third quarter valued at about $906,040,000. Finally, Accredited Investors Inc. boosted its holdings in AON by 5,694.5% during the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after buying an additional 238,258 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AON shares. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods dropped their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $370.87.

Insider Buying and Selling

In other news, insider Lisa Stevens sold 1,275 shares of the company’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 sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on 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 owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

AON Stock Up 1.2 %

AON stock opened at $368.91 on Monday. The company has a 50 day moving average price of $367.37 and a two-hundred day moving average price of $351.91. 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 stock has a market capitalization of $79.79 billion, a P/E ratio of 31.13, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year high of $395.33.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s payout ratio is currently 22.78%.

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.