Radnor Capital Management LLC Decreases Stock Holdings in Aon plc (NYSE:AON)

Radnor Capital Management LLC cut its stake in Aon plc (NYSE:AON) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,232 shares of the financial services provider’s stock after selling 480 shares during the quarter. Radnor Capital Management LLC’s holdings in AON were worth $3,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AON. Anchor Investment Management LLC increased its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON during the third quarter worth about $42,000. Eastern Bank acquired a new position in AON in the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of AON during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the company 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 lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $377.00 to $410.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $370.87.

Insider Transactions at AON

In other news, 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 directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Stock Up 2.2 %

AON stock opened at $362.59 on Wednesday. The firm has a market capitalization of $78.42 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.27 and a beta of 0.93. The stock’s fifty day simple moving average is $369.87 and its 200-day simple moving average is $347.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is presently 22.78%.

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.