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

Hummer Financial Advisory Services Inc lessened its stake in shares of Aon plc (NYSE:AON) by 11.5% in the fourth quarter, HoldingsChannel reports. The firm 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 also recently bought and sold shares of the company. Farallon Capital Management LLC boosted its holdings in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after purchasing an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in AON in the 3rd quarter valued at about $336,375,000. Veritas Asset Management LLP grew its position in shares of AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after buying an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Finally, Stone Point Capital LLC bought a new stake in shares of AON in the 2nd quarter valued at approximately $151,808,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated 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 sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’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 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. Insiders own 1.30% of the company’s stock.

AON Stock Up 1.6 %

Shares of AON stock opened at $355.02 on Tuesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $76.78 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The business’s fifty day moving average is $369.99 and its 200-day moving average is $347.42. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. AON’s dividend payout ratio (DPR) is 22.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AON shares. 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. Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised shares of 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. 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. Finally, Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. One 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 stock. Based on data from MarketBeat.com, AON presently has a consensus 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.