CX Institutional Sells 430 Shares of Aon plc (NYSE:AON)

CX Institutional decreased its holdings in shares of Aon plc (NYSE:AON) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,996 shares of the financial services provider’s stock after selling 430 shares during the period. CX Institutional’s holdings in AON were worth $3,590,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. State Street Corp raised its stake in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after buying an additional 32,417 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after acquiring an additional 38,447 shares in the last quarter. Veritas Asset Management LLP lifted its stake in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Legal & General Group Plc boosted its position in AON by 5.7% during the second quarter. Legal & General Group Plc now owns 1,798,423 shares of the financial services provider’s stock valued at $527,980,000 after purchasing an additional 96,521 shares in the last quarter. Finally, Cantillon Capital Management LLC grew its stake in AON by 15.6% in the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after purchasing an additional 177,956 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.2 %

AON opened at $368.91 on Friday. 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 twelve month low of $268.06 and a twelve month high of $395.33. The company has a market cap of $79.79 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The company has a 50-day moving average price of $367.58 and a 200 day moving average price of $350.62.

AON Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio is presently 22.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. 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 report on Wednesday, October 9th. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average price target of $370.87.

Insider Buying and Selling

In other news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.