Heritage Family Offices LLP Acquires 423 Shares of Aon plc (NYSE:AON)

Heritage Family Offices LLP lifted its holdings in Aon plc (NYSE:AON) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,951 shares of the financial services provider’s stock after acquiring an additional 423 shares during the period. Heritage Family Offices LLP’s holdings in AON were worth $1,060,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in shares of AON by 49.6% in the 2nd quarter. American Century Companies Inc. now owns 36,209 shares of the financial services provider’s stock worth $10,630,000 after purchasing an additional 12,006 shares during the period. J.W. Cole Advisors Inc. boosted its stake in AON by 6.0% during the second quarter. J.W. Cole Advisors Inc. now owns 977 shares of the financial services provider’s stock worth $287,000 after buying an additional 55 shares during the period. Dimensional Fund Advisors LP increased its position in AON by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 655,944 shares of the financial services provider’s stock valued at $192,568,000 after acquiring an additional 46,560 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of AON by 25.1% in the second quarter. Moors & Cabot Inc. now owns 1,052 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 211 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of AON by 4.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 27,418 shares of the financial services provider’s stock worth $8,049,000 after acquiring an additional 1,168 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AON has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. TD Cowen boosted their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. 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. Finally, BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $370.87.

AON Stock Performance

Shares of AON stock opened at $361.24 on Thursday. The company’s 50 day moving average is $369.87 and its 200 day moving average is $347.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market cap of $78.13 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.95 and a beta of 0.93. 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 declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is 22.78%.

Insider Activity 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.