Brophy Wealth Management LLC Makes New $763,000 Investment in Aon plc (NYSE:AON)

Brophy Wealth Management LLC purchased a new stake in Aon plc (NYSE:AON) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,205 shares of the financial services provider’s stock, valued at approximately $763,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AON. Y.D. More Investments Ltd purchased a new position in AON in the second quarter valued at about $31,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of AON in the 3rd quarter worth approximately $336,375,000. Vontobel Holding Ltd. raised its holdings in AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares during the last quarter. State Street Corp boosted its position in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in AON by 5.0% in the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock valued at $33,979,000 after purchasing an additional 4,666 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 2.7 %

Shares of AON opened at $367.90 on Tuesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company’s fifty day moving average is $370.70 and its two-hundred day moving average is $335.42. The firm has a market cap of $79.57 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is currently 22.78%.

Insider Buying and Selling at AON

In related news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AON shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.