Aon plc (NYSE:AON) Stock Position Raised by Czech National Bank

Czech National Bank boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,891 shares of the financial services provider's stock after buying an additional 2,637 shares during the quarter. Czech National Bank's holdings in AON were worth $16,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. increased its position in AON by 49.6% during the 2nd quarter. American Century Companies Inc. now owns 36,209 shares of the financial services provider's stock worth $10,630,000 after purchasing an additional 12,006 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of AON in the second quarter valued at approximately $548,000. Oppenheimer Asset Management Inc. lifted its stake in shares of AON by 9.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,181 shares of the financial services provider's stock valued at $3,870,000 after buying an additional 1,102 shares during the period. J.W. Cole Advisors Inc. grew its stake in AON by 6.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 977 shares of the financial services provider's stock worth $287,000 after acquiring an additional 55 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in AON by 407.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 21,235 shares of the financial services provider's stock valued at $6,234,000 after acquiring an additional 17,047 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on AON. Bank of America lifted their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Keefe, Bruyette & Woods lowered their target price on shares of AON from $415.00 to $411.00 and set an "outperform" rating for the company in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Finally, Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $370.87.

AON Stock Up 2.2 %

AON traded up $7.91 during trading hours on Tuesday, reaching $362.59. 1,077,494 shares of the stock traded hands, compared to its average volume of 999,247. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a market cap of $78.42 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The firm's fifty day simple moving average is $369.87 and its two-hundred day simple moving average is $347.91.

AON Dividend Announcement

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

Insider Activity at AON

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

AON Company 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.