Lbmc Investment Advisors LLC Takes Position in Aon plc (NYSE:AON)

Lbmc Investment Advisors LLC acquired a new position in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,748 shares of the financial services provider’s stock, valued at approximately $7,452,000. AON comprises about 0.6% of Lbmc Investment Advisors LLC’s portfolio, making the stock its 27th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its position in shares of AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares in the last quarter. CVA Family Office LLC boosted its stake in AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC grew its holdings in AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after buying an additional 31 shares in the last quarter. Intellectus Partners LLC increased its position in shares of AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after buying an additional 31 shares during the period. Finally, waypoint wealth counsel boosted its position in shares of AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 32 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 0.6 %

Shares of NYSE AON opened at $365.83 on Friday. The stock has a market capitalization 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 one year low of $268.06 and a one year high of $395.33. The firm’s 50 day simple moving average is $368.88 and its two-hundred day simple moving average is $348.64. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped 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. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods decreased their target price on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $370.87.

Insiders Place Their Bets

In related news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction 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 transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.