Sanctuary Advisors LLC Purchases 2,432 Shares of Aon plc (NYSE:AON)

Sanctuary Advisors LLC lifted its stake in Aon plc (NYSE:AON - Free Report) by 14.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,507 shares of the financial services provider's stock after buying an additional 2,432 shares during the quarter. Sanctuary Advisors LLC's holdings in AON were worth $6,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in shares of AON by 2.5% in the second 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 acquiring an additional 309,702 shares in the last quarter. State Street Corp lifted its holdings in 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 purchasing an additional 32,417 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in AON by 1.2% in 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 purchasing an additional 52,099 shares during the period. Geode Capital Management LLC raised its position in shares of AON by 0.9% during the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider's stock valued at $1,489,690,000 after buying an additional 38,447 shares during the last quarter. Finally, Veritas Asset Management LLP lifted its holdings 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 worth $1,041,623,000 after buying an additional 883,761 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % 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.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. BMO Capital Markets raised their price target on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. TD Cowen upped their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Barclays raised their target price on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, AON presently has an average rating of "Hold" and a consensus target price of $362.06.

AON Stock Performance

NYSE:AON traded down $1.53 during trading hours on Friday, reaching $361.19. 1,083,030 shares of the stock were exchanged, compared to its average volume of 1,069,203. The firm has a 50 day simple moving average of $371.79 and a 200-day simple moving average of $337.32. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The stock has a market capitalization of $78.11 billion, a P/E ratio of 30.48, a P/E/G ratio of 2.27 and a beta of 0.91.

AON Announces Dividend

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

AON Company 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.