PFW Advisors LLC Makes New Investment in Aon plc (NYSE:AON)

PFW Advisors LLC bought a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,879 shares of the financial services provider’s stock, valued at approximately $1,034,000.

Other hedge funds have also added to or reduced their stakes in the company. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services bought a new stake in AON in the 3rd quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON during the third quarter worth approximately $42,000. Eastern Bank acquired a new stake in shares of AON in the third quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC acquired a new stake in AON during the second quarter worth approximately $45,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on AON shares. BMO Capital Markets raised their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods reduced their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $368.67.

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 transaction of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

AON Trading Up 1.6 %

NYSE AON traded up $5.51 during trading hours on Monday, reaching $355.02. The company’s stock had a trading volume of 1,096,804 shares, compared to its average volume of 939,751. The stock has a market cap of $76.78 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.27 and a beta of 0.93. The firm has a fifty day simple moving average of $370.20 and a 200-day simple moving average of $346.98. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is presently 22.78%.

About AON

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.