Aon plc (NYSE:AON) Stock Position Cut by Meritage Group LP

Meritage Group LP lowered its stake in Aon plc (NYSE:AON - Free Report) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 996,211 shares of the financial services provider's stock after selling 95,837 shares during the period. AON makes up 8.1% of Meritage Group LP's holdings, making the stock its 3rd biggest holding. Meritage Group LP owned 0.46% of AON worth $344,679,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AON shares. Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price target on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research note on Monday, August 26th. Finally, Keefe, Bruyette & Woods upped their price target on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. One equities 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $362.06.

Insider Activity

In other news, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction 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 sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a filing with the SEC, 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.

AON Trading Down 1.9 %

Shares of AON traded down $7.37 during mid-day trading on Monday, reaching $370.63. The company's stock had a trading volume of 1,343,302 shares, compared to its average volume of 1,169,132. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The stock has a market cap of $80.16 billion, a PE ratio of 31.90, a P/E/G ratio of 2.37 and a beta of 0.91. The company's fifty day moving average price is $370.26 and its two-hundred day moving average price is $334.80. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 0.73%. AON's payout ratio is 22.78%.

About AON

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.