Public Employees Retirement System of Ohio reduced its stake in Aon plc (NYSE:AON - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 89,908 shares of the financial services provider's stock after selling 2,887 shares during the quarter. Public Employees Retirement System of Ohio's holdings in AON were worth $31,107,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AON. Y.D. More Investments Ltd acquired a new stake in shares of AON during the second quarter worth about $31,000. First Personal Financial Services purchased a new stake in AON during the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON during the 3rd quarter worth approximately $42,000. Eastern Bank acquired a new position in shares of AON in the third quarter worth $43,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter worth $45,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on AON. Keefe, Bruyette & Woods lifted their target price on AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Jefferies Financial Group boosted their price objective on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Finally, Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $362.06.
Get Our Latest Stock Analysis on AON
Insider Buying and Selling
In other AON 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 value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company's stock, 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 can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction 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 trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
AON Stock Performance
NYSE:AON traded down $6.57 during mid-day trading on Tuesday, reaching $361.33. 1,112,062 shares of the stock were exchanged, compared to its average volume of 1,174,934. The stock has a market capitalization of $78.14 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.37 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a 50 day simple moving average of $370.70 and a 200-day simple moving average of $335.42. 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 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 given a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.75%. AON's dividend payout ratio (DPR) is 22.78%.
About AON
(
Free Report)
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.
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