Hilltop National Bank Acquires 128 Shares of Aon plc (NYSE:AON)

Hilltop National Bank boosted its holdings in Aon plc (NYSE:AON) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 558 shares of the financial services provider’s stock after purchasing an additional 128 shares during the period. Hilltop National Bank’s holdings in AON were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Fulton Bank N.A. grew its position in AON by 14.0% in the fourth quarter. Fulton Bank N.A. now owns 1,572 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 193 shares in the last quarter. Diversified Trust Co lifted its stake in AON by 20.0% in the fourth quarter. Diversified Trust Co now owns 17,991 shares of the financial services provider’s stock valued at $6,462,000 after acquiring an additional 3,000 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of AON by 4.5% in the 4th quarter. CWA Asset Management Group LLC now owns 1,934 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 84 shares during the period. Nordea Investment Management AB grew its position in shares of AON by 2.7% in the 4th quarter. Nordea Investment Management AB now owns 15,952 shares of the financial services provider’s stock valued at $5,714,000 after acquiring an additional 413 shares during the period. Finally, Everence Capital Management Inc. grew its position in shares of AON by 109.8% in the 4th quarter. Everence Capital Management Inc. now owns 5,370 shares of the financial services provider’s stock valued at $1,929,000 after acquiring an additional 2,810 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $315.00 to $377.00 in a research report on Monday, October 28th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday. Barclays lifted their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $368.67.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred 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 transaction, 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. Corporate insiders own 1.30% of the company’s stock.

AON Stock Performance

NYSE AON opened at $349.28 on Friday. The firm has a 50-day moving average price of $370.20 and a two-hundred day moving average price of $346.20. The company has a market capitalization of $75.54 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33.

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 given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. AON’s payout ratio is presently 22.78%.

AON 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.