Passumpsic Savings Bank Reduces Stock Position in Aon plc (NYSE:AON)

Passumpsic Savings Bank reduced its holdings in shares of Aon plc (NYSE:AON - Free Report) by 37.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,061 shares of the financial services provider's stock after selling 4,888 shares during the quarter. AON accounts for 1.8% of Passumpsic Savings Bank's portfolio, making the stock its 22nd biggest holding. Passumpsic Savings Bank's holdings in AON were worth $2,789,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

AON has been the topic of several recent analyst reports. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. 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 upgraded AON from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Evercore ISI boosted their price target on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $362.06.

AON Stock Performance

AON traded up $1.32 on Wednesday, reaching $362.61. The stock had a trading volume of 869,810 shares, compared to its average volume of 1,173,666. The business's 50-day moving average price is $370.95 and its two-hundred day moving average price is $335.99. 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 12-month low of $268.06 and a 12-month high of $395.33. The company has a market cap of $78.42 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. AON's payout ratio is 22.78%.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction that occurred 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 of the company's stock, 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. 1.30% of the stock is owned by corporate insiders.

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.