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Everence Capital Management Inc. Purchases 2,810 Shares of Aon plc (NYSE:AON)

AON logo with Finance background

Everence Capital Management Inc. increased its position in Aon plc (NYSE:AON - Free Report) by 109.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,370 shares of the financial services provider's stock after acquiring an additional 2,810 shares during the quarter. Everence Capital Management Inc.'s holdings in AON were worth $1,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% during 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. Y.D. More Investments Ltd bought a new stake in AON during the second quarter valued at approximately $31,000. First Personal Financial Services purchased a new position in AON in the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON in the 3rd quarter worth $42,000. Finally, Eastern Bank purchased a new stake in shares of AON during the 3rd quarter valued at $43,000. Institutional investors own 86.14% of the company's stock.

AON Trading Down 0.3 %

Shares of AON traded down $1.00 during mid-day trading on Friday, hitting $353.98. 925,442 shares of the company's stock traded hands, compared to its average volume of 704,721. The business's 50-day moving average price is $372.03 and its 200-day moving average price is $344.37. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The firm has a market capitalization of $76.55 billion, a P/E ratio of 29.87, a PEG ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $315.00 to $377.00 in a research report on Monday, October 28th. BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Finally, TD Cowen increased their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $363.00.

Check Out Our Latest Stock Analysis on AON

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

About AON

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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