Aon plc (NYSE:AON) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in Aon plc (NYSE:AON - Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,549 shares of the financial services provider's stock after selling 2,238 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of AON worth $41,363,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its position in AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock worth $3,685,183,000 after buying an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock valued at $1,293,449,000 after buying an additional 52,099 shares during the period. Veritas Asset Management LLP grew its holdings in 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 acquiring an additional 883,761 shares during the period. Independent Franchise Partners LLP lifted its holdings in AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider's stock valued at $707,390,000 after acquiring an additional 49,161 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of AON by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock valued at $587,445,000 after purchasing an additional 548,563 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AON. Barclays increased their target price on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price target on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods raised their target price on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Finally, BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AON currently has an average rating of "Hold" and an average target price of $362.06.

AON Trading Down 0.3 %

Shares of NYSE AON traded down $1.06 during midday trading on Tuesday, hitting $386.65. The stock had a trading volume of 854,419 shares, compared to its average volume of 1,165,368. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a fifty day moving average price of $366.76 and a 200 day moving average price of $331.55. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $83.62 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 2.45 and a beta of 0.91.

AON Announces Dividend

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

Insider Buying and Selling

In other news, insider Lisa Stevens sold 1,275 shares of the business's 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 transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction 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 completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.