Vestcor Inc Has $1.29 Million Position in Aon plc (NYSE:AON)

Vestcor Inc lowered its stake in Aon plc (NYSE:AON - Free Report) by 40.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,731 shares of the financial services provider's stock after selling 2,496 shares during the quarter. Vestcor Inc's holdings in AON were worth $1,291,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Valley Wealth Managers Inc. raised its stake 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 period. CVA Family Office LLC increased 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 period. Amplius Wealth Advisors LLC lifted its holdings in AON by 2.4% in the 3rd 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 in the last quarter. Intellectus Partners LLC boosted its position in AON by 3.2% in the 3rd 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 increased its position 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 worth $321,000 after acquiring an additional 32 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. BMO Capital Markets upped 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. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, AON has a consensus rating of "Hold" and an average price target of $362.06.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company's stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated 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 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.

AON Price Performance

NYSE:AON traded down $0.16 during midday trading on Thursday, hitting $362.47. 967,288 shares of the stock were exchanged, compared to its average volume of 1,172,806. The company has a market capitalization of $78.39 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.27 and a beta of 0.91. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a one year low of $268.06 and a one year high of $395.33. The business has a 50-day moving average price of $371.23 and a two-hundred day moving average price of $336.18.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 1st. AON's payout ratio is currently 22.78%.

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.