Perpetual Ltd Trims Stock Holdings in Aon plc (NYSE:AON)

Perpetual Ltd cut its stake in shares of Aon plc (NYSE:AON) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,208 shares of the financial services provider’s stock after selling 104 shares during the period. Perpetual Ltd’s holdings in AON were worth $434,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ballentine Partners LLC raised its position in AON by 4.7% in the fourth quarter. Ballentine Partners LLC now owns 1,898 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 86 shares during the period. Pure Financial Advisors LLC raised its holdings in shares of AON by 2.3% in the 4th quarter. Pure Financial Advisors LLC now owns 10,328 shares of the financial services provider’s stock valued at $3,709,000 after buying an additional 235 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in AON by 11.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 59 shares in the last quarter. UMB Bank n.a. boosted its holdings in AON by 11.7% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 191 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in AON in the 4th quarter valued at about $280,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AON

In other 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 value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction 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 represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

AON Stock Down 0.2 %

Shares of NYSE AON opened at $367.27 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average price of $368.22 and a 200 day moving average price of $350.41. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The stock has a market capitalization of $79.43 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is 22.78%.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent research reports. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. 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 note on Monday, November 4th. Finally, Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $370.87.

About AON

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.