Equitable Trust Co. Lowers Stock Position in Aon plc (NYSE:AON)

Equitable Trust Co. cut its stake in Aon plc (NYSE:AON - Free Report) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,177 shares of the financial services provider's stock after selling 3,507 shares during the quarter. Equitable Trust Co.'s holdings in AON were worth $2,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AMF Tjanstepension AB bought a new stake in shares of AON in the third quarter valued at about $20,856,000. Valeo Financial Advisors LLC raised its stake in AON by 18.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,201 shares of the financial services provider's stock worth $761,000 after purchasing an additional 340 shares in the last quarter. CVA Family Office LLC grew its position in shares of AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock worth $129,000 after purchasing an additional 29 shares in the last quarter. Sapient Capital LLC raised its position in shares of AON by 367.7% in the third quarter. Sapient Capital LLC now owns 3,428 shares of the financial services provider's stock valued at $1,186,000 after buying an additional 2,695 shares in the last quarter. Finally, CX Institutional boosted its stake in shares of AON by 0.5% in the third quarter. CX Institutional now owns 10,426 shares of the financial services provider's stock valued at $3,607,000 after buying an additional 49 shares during the period. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AON. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $386.21.

AON Trading Down 0.4 %

Shares of AON stock traded down $1.37 on Tuesday, hitting $384.23. The stock had a trading volume of 1,040,707 shares, compared to its average volume of 1,070,811. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The firm has a market capitalization of $83.10 billion, a P/E ratio of 30.35, a PEG ratio of 2.09 and a beta of 0.93. The stock has a 50 day moving average of $365.29 and a 200 day moving average of $358.04.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $3.89 EPS. Sell-side analysts expect that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON's payout ratio is presently 21.33%.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company's stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

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.