Pacer Advisors Inc. Has $6.21 Million Holdings in Aon plc (NYSE:AON)

Pacer Advisors Inc. grew its stake in Aon plc (NYSE:AON - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,287 shares of the financial services provider's stock after acquiring an additional 1,086 shares during the period. Pacer Advisors Inc.'s holdings in AON were worth $6,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AON. Marshall Wace LLP acquired a new position in shares of AON during the second quarter valued at $4,260,000. Creative Planning boosted its stake in AON by 9.2% in the second quarter. Creative Planning now owns 35,822 shares of the financial services provider's stock valued at $10,517,000 after acquiring an additional 3,016 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of AON by 54.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,918 shares of the financial services provider's stock valued at $7,022,000 after purchasing an additional 8,436 shares during the period. NewEdge Advisors LLC grew its stake in shares of AON by 50.5% during the second quarter. NewEdge Advisors LLC now owns 11,266 shares of the financial services provider's stock worth $3,307,000 after purchasing an additional 3,781 shares during the period. Finally, Quarry LP acquired a new position in AON in the second quarter valued at about $101,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $415.00 to $411.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Wells Fargo & Company raised shares of AON from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. Finally, Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. One 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, the company currently has an average rating of "Hold" and an average target price of $370.87.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction 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 of the company's stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction dated 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 trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

AON Stock Performance

NYSE AON traded up $4.39 during trading on Thursday, reaching $371.13. 2,369,053 shares of the company's stock were exchanged, compared to its average volume of 1,098,722. 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 business has a 50 day moving average price of $366.89 and a 200-day moving average price of $353.09. The stock has a market capitalization of $80.26 billion, a P/E ratio of 31.32, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON Announces Dividend

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

AON Company 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.