Kovitz Investment Group Partners LLC lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 10.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,514 shares of the financial services provider's stock after selling 35,083 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.14% of AON worth $102,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of AON during the 2nd quarter valued at $31,000. Diamond Hill Capital Management Inc. purchased a new position in AON during the 3rd quarter valued at about $336,375,000. Vontobel Holding Ltd. boosted its stake in AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock worth $33,326,000 after acquiring an additional 57,847 shares in the last quarter. Artemis Investment Management LLP grew its holdings in AON by 5.0% in the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider's stock worth $33,979,000 after purchasing an additional 4,666 shares during the period. Finally, Retireful LLC bought a new position in shares of AON during the third quarter valued at approximately $759,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Lisa Stevens sold 1,275 shares of the business's 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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm'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 transaction, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
AON Price Performance
Shares of AON stock traded down $1.73 on Friday, hitting $378.00. 967,142 shares of the stock traded hands, compared to its average volume of 1,047,438. The firm has a 50 day simple moving average of $369.65 and a two-hundred day simple moving average of $333.55. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a market cap of $81.75 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.39 and a beta of 0.91. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON's payout ratio is 22.78%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on AON shares. Evercore ISI upped their price target on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Barclays raised their price target on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price target on shares of AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of "Hold" and an average target price of $362.06.
Read Our Latest Report on AON
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.
Further Reading
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
