Wedge Capital Management L L P NC Has $8.71 Million Stock Position in Aon plc (NYSE:AON)

Wedge Capital Management L L P NC grew its stake in Aon plc (NYSE:AON - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,236 shares of the financial services provider's stock after purchasing an additional 1,484 shares during the quarter. Wedge Capital Management L L P NC's holdings in AON were worth $8,705,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Anchor Investment Management LLC increased its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services bought a new stake in shares of AON during the 3rd quarter valued at about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON during the third quarter worth about $42,000. Eastern Bank bought a new position in AON in the third quarter worth about $43,000. Finally, Nemes Rush Group LLC acquired a new position in AON in the second quarter valued at approximately $45,000. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on AON from $415.00 to $411.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Wells Fargo & Company raised AON from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $370.87.

AON Price Performance

Shares of NYSE AON traded down $2.28 during midday trading on Friday, reaching $365.83. The company's stock had a trading volume of 859,980 shares, compared to its average volume of 713,661. The company has a market cap of $79.12 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average price of $368.88 and a 200 day moving average price of $349.01.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid 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 is Monday, February 3rd. AON's dividend payout ratio is presently 22.78%.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the 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 completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction 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 transaction, 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.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.