Carderock Capital Management Inc. Buys 970 Shares of Aon plc (NYSE:AON)

Carderock Capital Management Inc. raised its position in shares of Aon plc (NYSE:AON - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,497 shares of the financial services provider's stock after purchasing an additional 970 shares during the quarter. Carderock Capital Management Inc.'s holdings in AON were worth $6,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC lifted its stake in AON by 142.7% during the fourth quarter. Merit Financial Group LLC now owns 3,439 shares of the financial services provider's stock valued at $1,235,000 after purchasing an additional 2,022 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of AON by 6.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 24,236 shares of the financial services provider's stock valued at $8,705,000 after buying an additional 1,484 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of AON by 16.7% during the 4th quarter. Heritage Family Offices LLP now owns 2,951 shares of the financial services provider's stock valued at $1,060,000 after acquiring an additional 423 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of AON by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 431 shares of the financial services provider's stock worth $155,000 after acquiring an additional 102 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of AON by 210.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,691 shares of the financial services provider's stock worth $2,044,000 after purchasing an additional 3,858 shares during the period. Institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised AON from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $377.00 to $410.00 in a research note on Tuesday. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Bank of America increased their target price on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Finally, BMO Capital Markets lifted their price target on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $370.87.

AON Stock Down 0.6 %

Shares of AON traded down $2.28 during mid-day trading on Friday, hitting $365.83. 859,980 shares of the company's stock were exchanged, compared to its average volume of 713,661. 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 plc has a twelve month low of $268.06 and a twelve month high of $395.33. The firm has a fifty day moving average of $368.88 and a two-hundred day moving average of $348.64. The stock has a market cap of $79.12 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 1.95 and a beta of 0.93.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.74%. AON's dividend payout ratio is currently 22.78%.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 8,077 shares of the company's stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm's stock in a transaction that occurred on 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 directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About AON

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.