SageView Advisory Group LLC Sells 2,701 Shares of Aon plc (NYSE:AON)

SageView Advisory Group LLC trimmed its stake in Aon plc (NYSE:AON - Free Report) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,164 shares of the financial services provider's stock after selling 2,701 shares during the period. SageView Advisory Group LLC's holdings in AON were worth $2,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock valued at $3,685,183,000 after purchasing an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock worth $1,293,449,000 after buying an additional 52,099 shares in the last quarter. Veritas Asset Management LLP increased its position in AON by 41.6% in the 3rd 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 acquiring an additional 883,761 shares in the last quarter. Independent Franchise Partners LLP raised its stake in shares of AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider's stock worth $707,390,000 after acquiring an additional 49,161 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock worth $587,445,000 after purchasing an additional 548,563 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

AON has been the topic of several research reports. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price target on AON from $311.00 to $353.00 and gave the company a "hold" rating in a report on Monday, August 26th. TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Bank of America boosted their price target on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $362.06.

AON Stock Performance

Shares of AON traded down $2.24 during trading hours on Thursday, hitting $379.76. The company had a trading volume of 572,458 shares, compared to its average volume of 1,168,188. The firm has a market cap of $82.13 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.42 and a beta of 0.91. 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 business has a fifty day moving average of $369.00 and a 200-day moving average of $333.23. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON's dividend payout ratio (DPR) is presently 22.78%.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred 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 sale, the chief operating officer now directly 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 document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the 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 owns 8,077 shares of the company's stock, 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. Corporate insiders own 1.30% of the company's stock.

AON Profile

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.