National Bank of Canada FI Trims Holdings in Aon plc (NYSE:AON)

National Bank of Canada FI lowered its position in Aon plc (NYSE:AON - Free Report) by 13.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 25,215 shares of the financial services provider's stock after selling 3,796 shares during the period. National Bank of Canada FI's holdings in AON were worth $8,742,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of AON in the second quarter valued at approximately $118,000. Wedge Capital Management L L P NC acquired a new position in shares of AON during the 2nd quarter valued at about $6,997,000. Silver Lake Advisory LLC purchased a new stake in shares of AON in the second quarter valued at about $225,000. Assenagon Asset Management S.A. increased its position in 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. purchased a new position in AON during the second quarter worth about $2,812,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AON shares. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target 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 raised their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. BMO Capital Markets upped their target price 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, AON currently has a consensus rating of "Hold" and an average target price of $362.06.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred 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 in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

AON Stock Up 0.0 %

AON stock traded up $0.09 during mid-day trading on Thursday, reaching $362.72. The company had a trading volume of 948,597 shares, compared to its average volume of 1,171,696. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a market capitalization of $78.45 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a fifty day simple moving average of $371.23 and a 200 day simple moving average of $336.18.

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 0.74%. The ex-dividend date of this dividend was Friday, November 1st. AON's dividend payout ratio (DPR) is presently 22.78%.

About AON

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.