Fiduciary Alliance LLC Buys Shares of 7,573 Aon plc (NYSE:AON)

Fiduciary Alliance LLC purchased a new stake in shares of Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,573 shares of the financial services provider’s stock, valued at approximately $2,720,000.

Several other large investors have also recently modified their holdings of the business. Anchor Investment Management LLC raised 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 worth $35,000 after buying an additional 93 shares during the last quarter. First Personal Financial Services acquired a new position in shares of AON during the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON during the third quarter worth about $42,000. Eastern Bank purchased a new position in AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC purchased a new position in AON in the second quarter valued at about $45,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock traded down $1.12 during mid-day trading on Monday, hitting $348.39. The company had a trading volume of 58,415 shares, compared to its average volume of 826,147. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a market capitalization of $75.34 billion, a P/E ratio of 29.40, a P/E/G ratio of 2.27 and a beta of 0.93. 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 stock’s 50 day moving average price is $370.20 and its 200-day moving average price is $346.98.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. AON’s dividend payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AON. Keefe, Bruyette & Woods lowered their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday. Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded 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 report on Monday, October 28th. Finally, Bank of America lifted their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $368.67.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of the company’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 approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was 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.

AON Company Profile

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.