Fmr LLC Has $217.61 Million Stake in Aon plc (NYSE:AON)

FMR LLC raised its stake in Aon plc (NYSE:AON - Free Report) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 628,956 shares of the financial services provider's stock after buying an additional 174,838 shares during the quarter. FMR LLC owned 0.29% of AON worth $217,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Y.D. More Investments Ltd acquired a new stake in shares of AON during the second quarter worth about $31,000. Diamond Hill Capital Management Inc. bought a new position in AON in the third quarter valued at approximately $336,375,000. Vontobel Holding Ltd. lifted its position in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock valued at $33,326,000 after acquiring an additional 57,847 shares in the last quarter. Cetera Investment Advisers increased its holdings in AON by 255.5% during the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider's stock worth $6,490,000 after purchasing an additional 13,977 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in shares of AON by 5.0% during the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider's stock worth $33,979,000 after buying an additional 4,666 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AON. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. Royal Bank of Canada restated a "sector perform" rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. BMO Capital Markets raised their price target on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $362.06.

AON Price Performance

AON stock traded down $1.72 during midday trading on Tuesday, reaching $385.99. The company's stock had a trading volume of 401,644 shares, compared to its average volume of 1,163,536. The stock has a market cap of $83.48 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The business has a 50-day moving average price of $366.76 and a 200-day moving average price of $331.55.

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 given a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.70%. AON's dividend payout ratio is presently 22.78%.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the 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 represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated 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. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

AON 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.