Aon plc (NYSE:AON) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lowered its stake in Aon plc (NYSE:AON) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,503 shares of the financial services provider’s stock after selling 54 shares during the quarter. Good Life Advisors LLC’s holdings in AON were worth $1,258,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AON. Global Retirement Partners LLC grew its position in AON by 21.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,266 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 397 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of AON by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 281,501 shares of the financial services provider’s stock valued at $101,104,000 after purchasing an additional 1,553 shares during the period. Kestra Investment Management LLC acquired a new stake in AON during the 4th quarter valued at $39,000. CIBC Asset Management Inc increased its stake in AON by 1.1% during the 4th quarter. CIBC Asset Management Inc now owns 188,201 shares of the financial services provider’s stock worth $67,522,000 after buying an additional 2,045 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its holdings in AON by 59.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $130,000 after buying an additional 135 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $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.

Analyst Ratings Changes

Several brokerages have recently weighed in on AON. Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Trading Up 1.0 %

AON stock opened at $394.85 on Thursday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.65. The firm’s 50-day moving average is $367.38 and its 200-day moving average is $360.88. The company has a market cap of $85.40 billion, a P/E ratio of 31.19, a PEG ratio of 2.11 and a beta of 0.93.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the company earned $3.89 earnings per share. On average, equities analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s payout ratio is currently 21.33%.

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.