Aon plc (NYSE:AON) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Aon plc (NYSE:AON - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,790 shares of the financial services provider's stock after selling 6,014 shares during the quarter. Rhumbline Advisers owned about 0.17% of AON worth $132,455,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AON. State Street Corp lifted its stake in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the period. Geode Capital Management LLC raised its stake in shares of AON by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider's stock worth $1,489,690,000 after buying an additional 38,447 shares in the last quarter. Veritas Asset Management LLP boosted its stake in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after buying an additional 883,761 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in AON by 15.6% during the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider's stock worth $455,398,000 after acquiring an additional 177,956 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of AON by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider's stock worth $417,528,000 after purchasing an additional 11,922 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Up 1.0 %

NYSE:AON traded up $3.76 during mid-day trading on Wednesday, reaching $394.85. The company's stock had a trading volume of 821,721 shares, compared to its average volume of 1,027,056. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.65. The company's fifty day simple moving average is $366.73 and its two-hundred day simple moving average is $360.64. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The stock has a market cap of $85.40 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.11 and a beta of 0.93.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business earned $3.89 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were 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 directly owns 1,816 shares of the company's stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value 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. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AON shares. TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $386.21.

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.