Sandy Cove Advisors LLC Has $361,000 Stock Holdings in Aon plc (NYSE:AON)

Sandy Cove Advisors LLC grew its stake in Aon plc (NYSE:AON) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,004 shares of the financial services provider’s stock after buying an additional 34 shares during the period. Sandy Cove Advisors LLC’s holdings in AON were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Diamond Hill Capital Management Inc. bought a new stake in AON during the 3rd quarter worth approximately $336,375,000. Vontobel Holding Ltd. boosted its holdings in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after buying an additional 57,847 shares during the period. State Street Corp raised its position in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position 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 buying an additional 20,084 shares in the last quarter. Finally, Retireful LLC acquired a new stake in shares of AON in the 3rd quarter valued at approximately $759,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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. This represents a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were 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 trade represents a 13.63 % 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.

AON Stock Performance

Shares of NYSE AON opened at $365.83 on Friday. 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 plc has a 12-month low of $268.06 and a 12-month high of $395.33. The firm has a market capitalization of $79.12 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The firm has a 50 day moving average of $368.88 and a 200 day moving average of $348.64.

AON Announces Dividend

The company 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. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.74%. AON’s dividend payout ratio (DPR) is presently 22.78%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Bank of America increased their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One equities 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $370.87.

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.