BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 5,367 Shares of Aon plc (NYSE:AON)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,653 shares of the financial services provider's stock after selling 5,367 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in AON were worth $11,298,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AON. BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. Wells Fargo & Company upgraded shares of 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 report on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the company 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. Finally, Barclays upped their target price on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $362.06.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

AON Stock Performance

Shares of AON stock traded down $4.23 during midday trading on Monday, hitting $387.31. 856,808 shares of the company were exchanged, compared to its average volume of 1,166,906. The firm has a market capitalization of $83.76 billion, a P/E ratio of 32.72, a PEG ratio of 2.45 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm's 50 day moving average price is $366.76 and its two-hundred day moving average price is $331.55.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON's dividend payout ratio (DPR) is currently 22.78%.

AON Company 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.