Aon plc (NYSE:AON) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its position in shares of Aon plc (NYSE:AON - Free Report) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,590 shares of the financial services provider's stock after selling 1,763 shares during the quarter. M&T Bank Corp's holdings in AON were worth $11,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in shares of AON during the second quarter valued at approximately $31,000. First Personal Financial Services purchased a new stake in AON during the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of AON in the third quarter worth $42,000. Eastern Bank purchased a new position in AON in the 3rd quarter worth $43,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of AON during the second quarter worth about $45,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AON. TD Cowen increased their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Evercore ISI lifted their price target on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $362.06.

AON Price Performance

NYSE AON traded up $4.72 during mid-day trading on Friday, hitting $358.47. The stock had a trading volume of 2,099,847 shares, compared to its average volume of 1,171,888. Aon plc has a twelve month low of $268.06 and a twelve month 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. The firm's 50 day moving average is $372.18 and its 200 day moving average is $340.01. The stock has a market capitalization of $77.52 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.27 and a beta of 0.91.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, November 1st. AON's dividend payout ratio is currently 22.78%.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

AON Company 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.