Dudley & Shanley Inc. Sells 4,613 Shares of Aon plc (NYSE:AON)

Dudley & Shanley Inc. lowered its stake in Aon plc (NYSE:AON - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,827 shares of the financial services provider's stock after selling 4,613 shares during the period. AON accounts for 5.2% of Dudley & Shanley Inc.'s holdings, making the stock its 3rd biggest position. Dudley & Shanley Inc.'s holdings in AON were worth $33,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in AON in the second quarter valued at approximately $31,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of AON in the third quarter worth $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON during the third quarter valued at $42,000. Finally, Eastern Bank purchased a new stake in AON in the third quarter valued at $43,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE:AON traded down $1.00 during trading on Friday, reaching $353.98. The stock had a trading volume of 925,442 shares, compared to its average volume of 704,721. The business has a fifty day moving average price of $372.46 and a 200-day moving average price of $344.00. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. 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 cap of $76.55 billion, a PE ratio of 29.87, a PEG ratio of 2.27 and a beta of 0.93.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, November 1st. AON's payout ratio is 22.78%.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred 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 sale, the insider now owns 8,077 shares of the company's stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $363.00.

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.