Weiss Asset Management LP Buys New Position in Aon plc (NYSE:AON)

Weiss Asset Management LP bought a new stake in Aon plc (NYSE:AON - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,068 shares of the financial services provider's stock, valued at approximately $20,783,000.

A number of other institutional investors have also recently made changes to their positions in AON. State Street Corp raised its position 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 valued at $3,059,977,000 after purchasing an additional 32,417 shares during the period. Stifel Financial Corp lifted its position in shares of AON by 8.9% during the third quarter. Stifel Financial Corp now owns 153,511 shares of the financial services provider's stock worth $53,113,000 after acquiring an additional 12,564 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of AON by 79.6% in the third quarter. Quantinno Capital Management LP now owns 9,050 shares of the financial services provider's stock worth $3,131,000 after acquiring an additional 4,010 shares during the period. Maven Securities LTD bought a new stake in shares of AON during the 3rd quarter valued at $517,000. Finally, IHT Wealth Management LLC purchased a new stake in AON during the 3rd quarter worth about $265,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

AON has been the topic of several analyst reports. Jefferies Financial Group upped their price target on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price target on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their price objective 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. BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, Evercore ISI increased their price objective on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. 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 company's stock. Based on data from MarketBeat.com, AON currently has a consensus rating of "Hold" and a consensus price target of $362.06.

AON Stock Down 0.2 %

AON stock traded down $0.87 on Friday, reaching $378.86. 408,522 shares of the company traded hands, compared to its average volume of 1,166,469. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a fifty day simple moving average of $369.65 and a 200-day simple moving average of $333.55. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a market cap of $81.93 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91.

AON Dividend Announcement

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

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of AON 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 completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were 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 represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is 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.