KBC Group NV Has $11.30 Million Stock Holdings in Aon plc (NYSE:AON)

KBC Group NV cut its holdings in shares of Aon plc (NYSE:AON - Free Report) by 60.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,473 shares of the financial services provider's stock after selling 48,358 shares during the quarter. KBC Group NV's holdings in AON were worth $11,304,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. lifted its position in shares of AON by 34.1% during the 4th quarter. Blue Trust Inc. now owns 1,540 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 392 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after purchasing an additional 33 shares during the period. Insight Inv LLC acquired a new stake in AON during the fourth quarter worth approximately $214,000. Curated Wealth Partners LLC bought a new position in AON in the fourth quarter worth approximately $942,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in AON in the fourth quarter worth approximately $297,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON stock traded up $4.34 during mid-day trading on Thursday, reaching $371.08. The company's stock had a trading volume of 1,500,329 shares, compared to its average volume of 1,048,452. The company's 50 day moving average is $366.89 and its two-hundred day moving average is $353.09. The stock has a market cap of $80.25 billion, a PE ratio of 31.30, a P/E/G ratio of 2.00 and a beta of 0.93. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.73%. AON's dividend payout ratio is currently 22.78%.

Insider Buying and Selling at AON

In related news, 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 transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The stock was 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 $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets lifted their price target on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. TD Cowen lifted their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods dropped their price target on AON from $415.00 to $411.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.