Ballentine Partners LLC Boosts Stake in Aon plc (NYSE:AON)

Ballentine Partners LLC increased its holdings in Aon plc (NYSE:AON) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,898 shares of the financial services provider’s stock after acquiring an additional 86 shares during the quarter. Ballentine Partners LLC’s holdings in AON were worth $682,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. AE Wealth Management LLC increased its stake in shares of AON by 21.8% in the second quarter. AE Wealth Management LLC now owns 1,553 shares of the financial services provider’s stock worth $456,000 after buying an additional 278 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of AON by 4.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 11,285 shares of the financial services provider’s stock worth $3,313,000 after purchasing an additional 480 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of AON by 326.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 15,689 shares of the financial services provider’s stock valued at $4,606,000 after purchasing an additional 12,010 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of AON by 5.6% during the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 45 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in AON by 21.0% in the second quarter. Evergreen Capital Management LLC now owns 927 shares of the financial services provider’s stock valued at $272,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON stock opened at $367.27 on Thursday. The company has a 50-day simple moving average of $368.22 and a 200 day simple moving average of $350.41. The company has a market capitalization of $79.43 billion, a P/E ratio of 30.99, a PEG ratio of 1.99 and a beta of 0.93. 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 fifty-two week low of $268.06 and a fifty-two week high of $395.33.

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 issued 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 dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods decreased their price target 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. Jefferies Financial Group increased their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $370.87.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of AON 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 completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.