Brophy Wealth Management LLC Purchases New Shares in Aon plc (NYSE:AON)

Brophy Wealth Management LLC bought a new position in Aon plc (NYSE:AON - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,205 shares of the financial services provider's stock, valued at approximately $763,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farallon Capital Management LLC grew its position in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock valued at $550,521,000 after buying an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the 3rd quarter valued at $336,375,000. Veritas Asset Management LLP lifted its holdings in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after buying an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock worth $363,475,000 after acquiring an additional 808,990 shares during the period. 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 purchasing an additional 548,563 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

AON stock traded down $7.52 during mid-day trading on Tuesday, hitting $360.38. 543,216 shares of the company traded hands, compared to its average volume of 1,172,436. The stock has a fifty day moving average price of $370.70 and a 200-day moving average price of $335.42. The stock has a market cap of $77.94 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. Aon plc has a one year low of $268.06 and a one year high of $395.33. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 1st. AON's dividend payout ratio (DPR) is currently 22.78%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research reports. Evercore ISI upped their price target on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Barclays lifted their price target on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $362.06.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the firm'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 transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the business'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 value 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. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

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.