Cooper Financial Group Sells 1,534 Shares of Aon plc (NYSE:AON)

Cooper Financial Group reduced its position in shares of Aon plc (NYSE:AON - Free Report) by 63.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 898 shares of the financial services provider's stock after selling 1,534 shares during the period. Cooper Financial Group's holdings in AON were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Valley Wealth Managers Inc. raised its holdings in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 28 shares in the last quarter. CVA Family Office LLC increased its holdings in AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock valued at $129,000 after buying an additional 29 shares during the period. Amplius Wealth Advisors LLC raised its stake in shares of AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock valued at $460,000 after buying an additional 31 shares in the last quarter. Intellectus Partners LLC lifted its holdings in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock worth $343,000 after acquiring an additional 31 shares during the period. Finally, waypoint wealth counsel boosted its position in shares of AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 32 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 0.2 %

NYSE:AON traded down $0.64 during trading hours on Wednesday, hitting $362.01. 300,614 shares of the stock were exchanged, compared to its average volume of 920,244. The company's 50 day moving average is $369.87 and its two-hundred day moving average is $347.91. The company has a market capitalization of $78.29 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON's payout ratio is presently 22.78%.

Insider Activity

In other AON news, insider Lisa Stevens sold 1,275 shares of AON 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Bank of America upped their price target on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Finally, TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON presently 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.