Hantz Financial Services Inc. Sells 1,452 Shares of Aon plc (NYSE:AON)

Hantz Financial Services Inc. cut its stake in Aon plc (NYSE:AON) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,545 shares of the financial services provider’s stock after selling 1,452 shares during the quarter. Hantz Financial Services Inc.’s holdings in AON were worth $7,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in AON in the second quarter worth about $31,000. First Personal Financial Services purchased a new position in shares of AON in the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC bought a new stake in shares of AON during the third quarter valued at approximately $42,000. Eastern Bank purchased a new stake in AON in the third quarter worth $43,000. Finally, Nemes Rush Group LLC bought a new position in AON in the second quarter worth $45,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

AON Stock Down 0.4 %

AON opened at $391.69 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a 50 day moving average price of $366.76 and a 200-day moving average price of $330.95. The stock has a market capitalization of $84.71 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.46 and a beta of 0.91.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is 22.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AON shares. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $362.06.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.