Dudley & Shanley Inc. Sells 4,613 Shares of Aon plc (NYSE:AON)

Dudley & Shanley Inc. decreased its holdings in shares of Aon plc (NYSE:AON) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,827 shares of the financial services provider’s stock after selling 4,613 shares during the quarter. AON comprises approximately 5.2% of Dudley & Shanley Inc.’s holdings, making the stock its 3rd largest position. Dudley & Shanley Inc.’s holdings in AON were worth $33,699,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Farallon Capital Management LLC lifted its position in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after purchasing an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in AON during the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP grew its stake in shares of AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after buying an additional 808,990 shares during the period. Finally, Stone Point Capital LLC acquired a new stake in AON in the 2nd quarter valued at $151,808,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

AON has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday. Finally, Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $363.00.

AON Price Performance

NYSE:AON traded down $0.65 on Friday, hitting $354.33. The company had a trading volume of 546,150 shares, compared to its average volume of 508,883. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a 50 day moving average of $372.46 and a two-hundred day moving average of $344.00. 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 stock has a market capitalization of $76.63 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.27 and a beta of 0.93.

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 given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is 22.78%.

Insider Transactions at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the company’s 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 directly owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.