Aaron Wealth Advisors LLC Purchases 128 Shares of Aon plc (NYSE:AON)

Aaron Wealth Advisors LLC grew its position in Aon plc (NYSE:AON) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,153 shares of the financial services provider’s stock after acquiring an additional 128 shares during the period. Aaron Wealth Advisors LLC’s holdings in AON were worth $414,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AON. Anchor Investment Management LLC boosted its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services bought a new position in shares of AON in the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new stake in AON during the 3rd quarter worth about $42,000. Eastern Bank acquired a new stake in AON in the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC bought a new position in shares of AON in the second quarter worth about $45,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

Shares of AON opened at $365.83 on Monday. The firm has a market cap of $79.12 billion, a P/E ratio of 30.87, a PEG ratio of 1.95 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month 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 firm’s 50 day moving average price is $368.88 and its two-hundred day moving average price is $349.01.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s payout ratio is presently 22.78%.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the 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 of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AON. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $370.87.

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.