Accurate Wealth Management LLC Has $4.27 Million Holdings in Aon plc (NYSE:AON)

Accurate Wealth Management LLC lessened its position in Aon plc (NYSE:AON) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,212 shares of the financial services provider’s stock after selling 206 shares during the period. AON comprises about 0.8% of Accurate Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. Accurate Wealth Management LLC’s holdings in AON were worth $4,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Diamond Hill Capital Management Inc. acquired a new stake in AON during the 3rd quarter valued at $336,375,000. Vontobel Holding Ltd. raised its holdings in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after acquiring an additional 57,847 shares during the period. State Street Corp lifted its position in AON by 0.4% during 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 acquiring an additional 32,417 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after purchasing an additional 20,084 shares during the last quarter. Finally, Retireful LLC acquired a new position in AON in the 3rd quarter valued at $759,000. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at AON

In related news, insider Lisa Stevens sold 1,275 shares of AON 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 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 at 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 value of $256,321.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent research reports. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $377.00 to $410.00 in a research report on Tuesday. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus target price of $370.87.

AON Stock Performance

Shares of AON stock opened at $362.59 on Wednesday. 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 52 week low of $268.06 and a 52 week high of $395.33. The firm has a 50 day moving average of $369.87 and a 200-day moving average of $347.91. The company has a market cap of $78.42 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

AON Dividend Announcement

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

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.