Aon plc (NYSE:AON) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd decreased its holdings in Aon plc (NYSE:AON - Free Report) by 21.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,283 shares of the financial services provider's stock after selling 2,302 shares during the period. Vinva Investment Management Ltd's holdings in AON were worth $2,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new position in AON during the first quarter valued at approximately $1,920,000. B. Riley Wealth Advisors Inc. boosted its stake in AON by 56.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider's stock valued at $523,000 after buying an additional 583 shares during the last quarter. Hancock Whitney Corp boosted its stake in AON by 7.6% during the first quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider's stock valued at $312,000 after buying an additional 66 shares during the last quarter. LRI Investments LLC bought a new position in AON during the first quarter valued at approximately $125,000. Finally, Swedbank AB bought a new position in AON during the first quarter valued at approximately $34,788,000. Institutional investors own 86.14% of the company's stock.

AON Trading Down 0.4 %

AON traded down $1.62 during trading on Friday, hitting $391.69. 463,003 shares of the stock were exchanged, compared to its average volume of 1,168,249. The firm has a 50 day simple moving average of $366.76 and a 200 day simple moving average of $330.95. The firm has a market cap of $84.71 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 2.46 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued 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 0.69%. AON's payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $362.06.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the 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 owns 8,077 shares of the company's stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company 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.