Aon plc (NYSE:AON) Shares Sold by Hummer Financial Advisory Services Inc

Hummer Financial Advisory Services Inc trimmed its holdings in Aon plc (NYSE:AON) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,533 shares of the financial services provider’s stock after selling 200 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in AON were worth $551,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Signal Advisors Wealth LLC raised its position in shares of AON by 5.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 790 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 41 shares during the period. Marcum Wealth LLC acquired a new position in AON in the 4th quarter worth about $204,000. PFW Advisors LLC acquired a new stake in AON in the fourth quarter valued at approximately $1,034,000. Eastern Bank increased its position in shares of AON by 373.4% in the fourth quarter. Eastern Bank now owns 587 shares of the financial services provider’s stock valued at $211,000 after buying an additional 463 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in shares of AON by 7.7% during the 4th quarter. Wedmont Private Capital now owns 1,867 shares of the financial services provider’s stock valued at $653,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AON shares. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods lowered their price objective on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday. TD Cowen raised their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Jefferies Financial Group increased their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. 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. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $370.87.

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the 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 completion of the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Stock Performance

NYSE AON opened at $355.02 on Tuesday. The stock has a market cap of $76.78 billion, a PE ratio of 29.96, a P/E/G ratio of 2.27 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The stock has a fifty day simple moving average of $369.99 and a 200-day simple moving average of $347.42. 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 Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is 22.78%.

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.