Aon plc (NYSE:AON) Position Lessened by M&T Bank Corp

M&T Bank Corp decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,590 shares of the financial services provider's stock after selling 1,763 shares during the quarter. M&T Bank Corp's holdings in AON were worth $11,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LRI Investments LLC boosted its stake in AON by 198.1% in the 3rd quarter. LRI Investments LLC now owns 462 shares of the financial services provider's stock worth $174,000 after purchasing an additional 307 shares in the last quarter. Geller Advisors LLC lifted its stake in shares of AON by 20.0% in the 3rd quarter. Geller Advisors LLC now owns 1,562 shares of the financial services provider's stock valued at $540,000 after purchasing an additional 260 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider's stock worth $57,345,000 after acquiring an additional 20,084 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of AON during the third quarter worth approximately $788,000. Finally, MML Investors Services LLC raised its holdings in AON by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 13,293 shares of the financial services provider's stock valued at $4,599,000 after buying an additional 212 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group increased 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. Bank of America upped their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AON from $311.00 to $353.00 and gave the company a "hold" rating in a report on Monday, August 26th. Finally, TD Cowen raised their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $362.06.

AON Stock Performance

NYSE AON traded up $1.32 during trading hours on Wednesday, hitting $362.61. The company's stock had a trading volume of 869,810 shares, compared to its average volume of 1,173,666. The company's 50 day simple moving average is $370.95 and its two-hundred day simple moving average is $335.99. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a market cap of $78.42 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio is currently 22.78%.

Insider Activity at AON

In related news, 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 transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the 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 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 disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.