Fiduciary Alliance LLC Buys New Stake in Aon plc (NYSE:AON)

Fiduciary Alliance LLC purchased a new stake in shares of Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,573 shares of the financial services provider's stock, valued at approximately $2,720,000.

Other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC increased its holdings in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after buying an additional 93 shares during the last quarter. First Personal Financial Services bought a new position in shares of AON during the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new stake in shares of AON in the third quarter worth about $42,000. Eastern Bank purchased a new position in AON during the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC purchased a new stake in AON in the second quarter worth $45,000. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

AON traded up $5.51 during trading on Monday, hitting $355.02. The company's stock had a trading volume of 1,171,954 shares, compared to its average volume of 977,343. The business's 50 day simple moving average is $369.99 and its 200-day simple moving average is $347.42. The firm has a market cap of $76.78 billion, a PE ratio of 29.96, a P/E/G ratio of 2.27 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, February 3rd. AON's dividend payout ratio is currently 22.78%.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research reports. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Bank of America increased their price target on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $368.67.

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.