Y Intercept Hong Kong Ltd Acquires New Holdings in Aon plc (NYSE:AON)

Y Intercept Hong Kong Ltd purchased a new position in Aon plc (NYSE:AON - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,278 shares of the financial services provider's stock, valued at approximately $788,000.

A number of other hedge funds also recently bought and sold shares of AON. MML Investors Services LLC lifted its position in AON by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 13,293 shares of the financial services provider's stock valued at $4,599,000 after acquiring an additional 212 shares in the last quarter. Northeast Financial Consultants Inc purchased a new position in shares of AON in the third quarter worth $211,000. iSAM Funds UK Ltd lifted its holdings in shares of AON by 330.5% during the third quarter. iSAM Funds UK Ltd now owns 4,047 shares of the financial services provider's stock valued at $1,400,000 after purchasing an additional 3,107 shares in the last quarter. Goldstream Capital Management Ltd purchased a new stake in shares of AON during the third quarter valued at $434,000. Finally, iA Global Asset Management Inc. increased its holdings in AON by 2.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 2,051 shares of the financial services provider's stock worth $710,000 after buying an additional 53 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON traded down $1.53 during mid-day trading on Friday, hitting $361.19. 1,083,030 shares of the stock were exchanged, compared to its average volume of 1,069,203. The firm has a 50-day moving average of $371.79 and a two-hundred day moving average of $336.92. Aon plc has a 52-week low of $268.06 and a 52-week 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. The company has a market cap of $78.11 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, November 1st. AON's payout ratio is 22.78%.

Insider Activity at AON

In other news, insider Lisa Stevens sold 1,275 shares of AON 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 completion of the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents 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 this link. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. 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. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Barclays raised their price target on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Bank of America upped their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. One investment 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. According to MarketBeat.com, AON currently has an average rating of "Hold" and a consensus target price of $362.06.

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.