Quantinno Capital Management LP Buys 4,010 Shares of Aon plc (NYSE:AON)

Quantinno Capital Management LP lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 79.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,050 shares of the financial services provider's stock after buying an additional 4,010 shares during the period. Quantinno Capital Management LP's holdings in AON were worth $3,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valley Wealth Managers Inc. grew its holdings in shares of AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 28 shares during the last quarter. CVA Family Office LLC grew its stake in AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock worth $129,000 after buying an additional 29 shares during the last quarter. Amplius Wealth Advisors LLC increased its position in AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock worth $460,000 after buying an additional 31 shares during the period. Intellectus Partners LLC lifted its stake in AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock valued at $343,000 after buying an additional 31 shares during the last quarter. Finally, waypoint wealth counsel boosted its holdings in shares of AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Trading Down 1.9 %

Shares of AON stock traded down $6.90 during trading on Tuesday, hitting $361.00. The stock had a trading volume of 663,666 shares, compared to its average volume of 1,172,824. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $78.07 billion, a PE ratio of 31.05, a P/E/G ratio of 2.37 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The stock has a 50 day simple moving average of $370.70 and a 200 day simple moving average of $335.42.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON's payout ratio is presently 22.78%.

Insider Activity

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 value 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. The trade was a 26.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm's 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 transaction, the insider now directly owns 8,077 shares in the company, 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 owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted 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. Keefe, Bruyette & Woods increased their price target on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Finally, Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $362.06.

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.