State Street Corp Increases Stock Position in Aon plc (NYSE:AON)

State Street Corp boosted its holdings in Aon plc (NYSE:AON - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,844,121 shares of the financial services provider's stock after purchasing an additional 32,417 shares during the quarter. State Street Corp owned about 4.09% of AON worth $3,059,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new position in shares of AON during the second quarter worth about $31,000. First Personal Financial Services purchased a new stake in shares of AON during the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON during the third quarter worth $42,000. Eastern Bank purchased a new position in AON in the 3rd quarter valued at $43,000. Finally, Nemes Rush Group LLC acquired a new position in AON in the 2nd quarter valued at $45,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

Shares of AON stock traded down $1.79 during trading on Friday, hitting $377.94. 967,050 shares of the company were exchanged, compared to its average volume of 1,168,948. The firm has a 50 day moving average price of $369.65 and a 200 day moving average price of $333.55. The stock has a market capitalization of $81.74 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.39 and a beta of 0.91. 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 plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, November 1st. AON's payout ratio is currently 22.78%.

Insider Activity at AON

In other AON news, 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 transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the firm'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 sale, the chief operating officer now 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. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. Jefferies Financial Group raised their price target on 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 AON from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Barclays raised their target price on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $362.06.

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.