Aon plc (NYSE:AON) Stock Holdings Decreased by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Aon plc (NYSE:AON - Free Report) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,700 shares of the financial services provider's stock after selling 10,400 shares during the period. Two Sigma Advisers LP's holdings in AON were worth $28,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position 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 worth $3,685,183,000 after purchasing an additional 309,702 shares during the period. State Street Corp grew its stake in shares of AON by 0.4% in the third 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 in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of 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 purchasing an additional 52,099 shares during the last quarter. Veritas Asset Management LLP lifted its position in 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 acquiring an additional 883,761 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its position in 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 valued at $707,390,000 after acquiring an additional 49,161 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Bank of America increased 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. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Finally, BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. One equities research 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's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $362.06.

AON Price Performance

AON stock traded down $1.73 during trading hours on Friday, hitting $378.00. 967,142 shares of the company traded hands, compared to its average volume of 1,035,956. The firm has a market cap of $81.75 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.37 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 firm's 50-day simple moving average is $370.26 and its two-hundred day simple moving average is $334.45. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON's payout ratio is 22.78%.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred 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 transaction, the insider now owns 8,077 shares of the company's stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred 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 $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.