Aon plc (NYSE:AON) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of Aon plc (NYSE:AON - Free Report) by 210.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,691 shares of the financial services provider's stock after acquiring an additional 3,858 shares during the period. Park Avenue Securities LLC's holdings in AON were worth $2,044,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC raised its position in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. First Personal Financial Services purchased a new position in shares of AON during the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC acquired a new position in shares of AON in the 3rd quarter valued at $42,000. Eastern Bank acquired a new stake in AON during the third quarter valued at $43,000. Finally, Nemes Rush Group LLC purchased a new position in AON in the second quarter valued at $45,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AON. TD Cowen lifted their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and increased their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company upgraded shares of AON from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of "Hold" and an average target price of $370.87.

AON Trading Down 0.6 %

AON stock traded down $2.28 during trading on Friday, reaching $365.83. 859,980 shares of the company were exchanged, compared to its average volume of 713,661. The stock's 50 day simple moving average is $368.88 and its two-hundred day simple moving average is $349.01. The company has a market capitalization of $79.12 billion, a P/E ratio of 30.87, a PEG ratio of 1.95 and a beta of 0.93. 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 52-week low of $268.06 and a 52-week high of $395.33.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 22.78%.

Insider Activity

In other news, COO Mindy F. Simon sold 650 shares of the 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 transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 directly owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

AON 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.