Bank Pictet & Cie Europe AG Sells 11,611 Shares of Aon plc (NYSE:AON)

Bank Pictet & Cie Europe AG cut its stake in shares of Aon plc (NYSE:AON - Free Report) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,496 shares of the financial services provider's stock after selling 11,611 shares during the period. Bank Pictet & Cie Europe AG's holdings in AON were worth $20,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AON. Valley Wealth Managers Inc. grew its stake in AON by 3.3% in the third 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 period. Intellectus Partners LLC grew 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 in the last quarter. V Square Quantitative Management LLC grew its position in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after acquiring an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after buying an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its stake in shares of AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock valued at $1,326,000 after acquiring an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of AON 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

AON Price Performance

Shares of NYSE:AON traded up $3.76 on Wednesday, reaching $394.85. 854,251 shares of the company traded hands, compared to its average volume of 1,028,995. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The stock has a market capitalization of $85.40 billion, a PE ratio of 31.19, a P/E/G ratio of 2.11 and a beta of 0.93. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.65. The company's 50 day moving average is $366.73 and its 200-day moving average is $360.64.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the business posted $3.89 EPS. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, AON presently has an average rating of "Hold" and a consensus target price of $386.21.

AON Company Profile

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.