Aon plc (NYSE:AON) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC cut its position in shares of Aon plc (NYSE:AON - Free Report) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,700 shares of the financial services provider's stock after selling 3,685 shares during the period. Motley Fool Wealth Management LLC's holdings in AON were worth $13,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Farallon Capital Management LLC grew its stake in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock valued at $550,521,000 after acquiring an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of AON in the 3rd quarter valued at $336,375,000. Veritas Asset Management LLP lifted its stake in shares of AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock valued at $363,475,000 after acquiring an additional 808,990 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock valued at $587,445,000 after acquiring an additional 548,563 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AON. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research note on Monday, August 26th. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Bank of America increased their target price on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, AON has a consensus rating of "Hold" and a consensus price target of $362.06.

AON Stock Down 0.8 %

Shares of AON stock traded down $2.90 during trading on Wednesday, reaching $382.66. The company's stock had a trading volume of 549,877 shares, compared to its average volume of 1,168,350. 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 plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a market capitalization of $82.76 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.43 and a beta of 0.91. The stock's 50-day moving average price is $368.30 and its 200 day moving average price is $332.88.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio (DPR) is presently 22.78%.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction 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 completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the company's 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 transaction, the insider now owns 8,077 shares of the company's stock, valued at approximately $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.

AON Profile

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.