Canoe Financial LP Purchases 5,000 Shares of Aon plc (NYSE:AON)

Canoe Financial LP raised its holdings in shares of Aon plc (NYSE:AON - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,109 shares of the financial services provider's stock after buying an additional 5,000 shares during the period. Canoe Financial LP's holdings in AON were worth $20,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Farallon Capital Management LLC raised its holdings in AON by 196.7% during 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 position in shares of AON during the third quarter valued at about $336,375,000. Veritas Asset Management LLP boosted its holdings in shares of 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 purchasing an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AON by 334.9% in the third 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 purchasing an additional 808,990 shares during the last quarter. Finally, Stone Point Capital LLC bought a new position in AON during the 2nd quarter valued at approximately $151,808,000. 86.14% of the stock is owned by institutional investors.

AON Stock Down 0.6 %

Shares of NYSE:AON traded down $2.28 on Friday, hitting $365.83. 859,980 shares of the company traded hands, compared to its average volume of 713,661. The company has a market cap of $79.12 billion, a PE ratio of 30.87, a PEG ratio of 1.95 and a beta of 0.93. The stock has a 50 day simple moving average of $368.88 and a 200-day simple moving average of $349.01. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.74%. AON's dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of AON 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 completion of the sale, the insider now owns 8,077 shares of the company's stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

AON has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on shares of AON from $415.00 to $411.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, AON currently has an average rating of "Hold" and an average price target of $370.87.

AON 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.