Geode Capital Management LLC raised its position in Aon plc (NYSE:AON - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,322,177 shares of the financial services provider's stock after acquiring an additional 38,447 shares during the quarter. Geode Capital Management LLC owned approximately 2.00% of AON worth $1,489,690,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of AON in the 2nd quarter valued at $118,000. Wedge Capital Management L L P NC purchased a new position in shares of AON in the 2nd quarter valued at $6,997,000. Silver Lake Advisory LLC purchased a new stake in AON in the second quarter valued at $225,000. Assenagon Asset Management S.A. grew its holdings in shares of AON by 22.0% during the second quarter. Assenagon Asset Management S.A. now owns 420,756 shares of the financial services provider's stock worth $123,526,000 after purchasing an additional 75,865 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of AON during the second quarter worth about $2,812,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
Insider Buying and Selling at AON
In other AON news, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value 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 represents a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was 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. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
Analysts Set New Price Targets
AON has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a research note on Monday, August 26th. Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Bank of America lifted their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AON has an average rating of "Hold" and a consensus price target of $362.06.
Get Our Latest Research Report on AON
AON Trading Up 0.4 %
AON stock traded up $1.32 during midday trading on Wednesday, reaching $362.61. 869,810 shares of the company's stock traded hands, compared to its average volume of 1,173,666. The business has a 50-day moving average price of $370.95 and a two-hundred day moving average price of $335.99. The company has a market capitalization of $78.42 billion, a P/E ratio of 30.46, a PEG ratio of 2.37 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.
AON Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were 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 was Friday, November 1st. AON's payout ratio is 22.78%.
About AON
(
Free Report)
Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.
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