Aon plc (NYSE:AON) is Summit Trail Advisors LLC's 10th Largest Position

Summit Trail Advisors LLC reduced its stake in shares of Aon plc (NYSE:AON - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,066 shares of the financial services provider's stock after selling 33,192 shares during the period. AON accounts for approximately 1.5% of Summit Trail Advisors LLC's investment portfolio, making the stock its 10th biggest position. Summit Trail Advisors LLC owned approximately 0.05% of AON worth $40,609,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. bought a new position in shares of AON in the 3rd quarter worth about $336,375,000. Vontobel Holding Ltd. lifted its stake in AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock valued at $33,326,000 after buying an additional 57,847 shares during the period. State Street Corp grew its position in shares of AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock worth $3,059,977,000 after buying an additional 32,417 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider's stock valued at $57,345,000 after acquiring an additional 20,084 shares during the period. Finally, Retireful LLC bought a new position in AON during the third quarter worth $759,000. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

AON traded down $1.37 during trading on Tuesday, hitting $384.23. 1,040,707 shares of the company traded hands, compared to its average volume of 1,070,811. The firm has a market cap of $83.10 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a one year low of $268.06 and a one year high of $395.33. The stock's fifty day moving average is $365.29 and its 200 day moving average is $358.04.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the company posted $3.89 earnings per share. As a group, equities analysts predict that Aon plc will post 17.24 EPS for the current fiscal year.

AON Announces Dividend

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. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON's payout ratio is 21.33%.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of AON 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 completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AON. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $386.21.

AON 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.