Carderock Capital Management Inc. Increases Stock Position in Aon plc (NYSE:AON)

Carderock Capital Management Inc. lifted its position in shares of Aon plc (NYSE:AON) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,497 shares of the financial services provider’s stock after purchasing an additional 970 shares during the period. Carderock Capital Management Inc.’s holdings in AON were worth $6,643,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services purchased a new position in AON during the 3rd quarter worth $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON in the third quarter valued at $42,000. Eastern Bank purchased a new stake in shares of AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of AON during the second quarter worth about $45,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $377.00 to $410.00 in a research report on Tuesday. Keefe, Bruyette & Woods cut their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $370.87.

AON Stock Performance

Shares of AON stock opened at $365.83 on Friday. 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 stock has a market cap of $79.12 billion, a PE ratio of 30.87, a P/E/G ratio of 1.95 and a beta of 0.93. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The stock has a fifty day moving average price of $369.24 and a 200 day moving average price of $348.14.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.74%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 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 directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently 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.