Chevy Chase Trust Holdings LLC Has $41.86 Million Stock Holdings in Aon plc (NYSE:AON)

Chevy Chase Trust Holdings LLC decreased its stake in shares of Aon plc (NYSE:AON - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,560 shares of the financial services provider's stock after selling 2,989 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of AON worth $41,864,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AON. Diamond Hill Capital Management Inc. acquired a new position in shares of AON during the third quarter worth approximately $336,375,000. Veritas Asset Management LLP lifted its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock worth $1,041,623,000 after buying an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AON by 334.9% in 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 valued at $363,475,000 after buying an additional 808,990 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of AON in the 3rd quarter valued at $906,040,000. Finally, Accredited Investors Inc. lifted its stake in shares of AON by 5,694.5% during the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider's stock valued at $83,883,000 after acquiring an additional 238,258 shares during the period. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of AON 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 sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mindy F. Simon sold 650 shares of the 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 transaction, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

AON Stock Up 1.0 %

Shares of NYSE AON traded up $3.74 during mid-day trading on Tuesday, reaching $390.73. 838,810 shares of the company's stock were exchanged, compared to its average volume of 1,017,681. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The business has a fifty day simple moving average of $366.14 and a 200 day simple moving average of $360.21. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The firm has a market capitalization of $84.50 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the company posted $3.89 EPS. As a group, equities analysts expect that Aon plc will post 17.24 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AON. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their price target on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. BMO Capital Markets raised their price objective 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. Wells Fargo & Company upped their target price on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $386.21.

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.