Aon plc (NYSE:AON) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 392.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,039 shares of the financial services provider's stock after buying an additional 4,812 shares during the quarter. Wellington Management Group LLP's holdings in AON were worth $2,089,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AON. Y.D. More Investments Ltd acquired a new position in shares of AON in the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new position in shares of AON during the third quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of AON in the 3rd quarter valued at $42,000. Eastern Bank purchased a new position in AON during the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC acquired a new position in AON in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the business's 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 directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the 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 transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

AON Price Performance

Shares of NYSE AON traded up $1.17 during trading on Thursday, hitting $353.75. 811,052 shares of the company were exchanged, compared to its average volume of 1,168,099. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a market cap of $76.50 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.27 and a beta of 0.91. The firm's fifty day moving average price is $372.11 and its 200 day moving average price is $338.99.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, November 1st. AON's dividend payout ratio is presently 22.78%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Keefe, Bruyette & Woods upped their price target on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $362.06.

AON Company 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.