Quadrature Capital Ltd Sells 33,933 Shares of Aon plc (NYSE:AON)

Quadrature Capital Ltd trimmed its holdings in shares of Aon plc (NYSE:AON - Free Report) by 73.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,157 shares of the financial services provider's stock after selling 33,933 shares during the quarter. Quadrature Capital Ltd's holdings in AON were worth $4,205,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its position in AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the period. Mawer Investment Management Ltd. grew its stake in AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock worth $1,293,449,000 after buying an additional 52,099 shares in the last quarter. Veritas Asset Management LLP grew its stake in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock worth $1,041,623,000 after buying an additional 883,761 shares in the last quarter. Independent Franchise Partners LLP grew its stake in AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider's stock worth $707,390,000 after buying an additional 49,161 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock worth $587,445,000 after buying an additional 548,563 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AON has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a research note on Monday, August 26th. Jefferies Financial Group increased their price objective 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. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of AON from $385.00 to $415.00 and gave the company 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 assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AON has an average rating of "Hold" and a consensus price target of $362.06.

AON Trading Down 0.5 %

NYSE AON traded down $1.79 during trading hours on Friday, reaching $377.94. The company's stock had a trading volume of 967,050 shares, compared to its average volume of 1,168,948. The firm has a fifty day simple moving average of $369.65 and a 200-day simple moving average of $333.55. The stock has a market cap of $81.74 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.39 and a beta of 0.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Announces Dividend

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

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm's 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 completion of the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of AON 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 completion of the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

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.