Stifel Financial Corp Increases Stock Position in Aon plc (NYSE:AON)

Stifel Financial Corp raised its position in shares of Aon plc (NYSE:AON - Free Report) by 8.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,511 shares of the financial services provider's stock after purchasing an additional 12,564 shares during the period. Stifel Financial Corp owned approximately 0.07% of AON worth $53,113,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in AON during the second quarter valued at about $31,000. Diamond Hill Capital Management Inc. purchased a new stake in AON during the third quarter valued at about $336,375,000. Vontobel Holding Ltd. raised its position in AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock valued at $33,326,000 after purchasing an additional 57,847 shares in the last quarter. Artemis Investment Management LLP raised its position in AON by 5.0% during the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider's stock valued at $33,979,000 after purchasing an additional 4,666 shares in the last quarter. Finally, Retireful LLC purchased a new stake in AON during the third quarter valued at about $759,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 directly owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company's stock, valued at $3,131,291.36. The trade was a 13.63 % 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $362.06.

AON Stock Down 0.5 %

AON stock traded down $1.73 during trading hours on Friday, hitting $378.00. 967,142 shares of the stock traded hands, compared to its average volume of 1,047,438. The firm's 50-day moving average price is $370.26 and its two-hundred day moving average price is $334.45. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market cap of $81.75 billion, a PE ratio of 31.90, a PEG ratio of 2.39 and a beta of 0.91. Aon plc has a one year low of $268.06 and a one year high of $395.33.

AON Dividend Announcement

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

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.