Assenagon Asset Management S.A. Sells 383,404 Shares of Aon plc (NYSE:AON)

Assenagon Asset Management S.A. reduced its stake in Aon plc (NYSE:AON - Free Report) by 70.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,806 shares of the financial services provider's stock after selling 383,404 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of AON worth $58,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AON. Valley Wealth Managers Inc. lifted its position in shares of AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock valued at $307,000 after buying an additional 28 shares in the last quarter. CVA Family Office LLC lifted its holdings in AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock valued at $129,000 after purchasing an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC boosted its position in shares of AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock worth $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC raised its position in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock valued at $343,000 after purchasing an additional 31 shares during the period. Finally, waypoint wealth counsel lifted its stake in shares of AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock valued at $321,000 after buying an additional 32 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Up 2.0 %

NYSE:AON traded up $7.08 during midday trading on Thursday, hitting $368.26. 728,519 shares of the company traded hands, compared to its average volume of 963,152. The firm has a market capitalization of $79.64 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.95 and a beta of 0.93. The firm's fifty day moving average is $369.47 and its 200-day moving average is $348.00. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON's dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent analyst reports. Bank of America raised their price target on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their price target on shares of AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $370.87.

Insider Buying and Selling at AON

In other AON news, 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 transaction 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. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company'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 owns 8,077 shares of the company's stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

About AON

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.