Atomi Financial Group Inc. Increases Holdings in Aon plc (NYSE:AON)

Atomi Financial Group Inc. lifted its position in Aon plc (NYSE:AON) by 43.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,816 shares of the financial services provider’s stock after purchasing an additional 550 shares during the period. Atomi Financial Group Inc.’s holdings in AON were worth $652,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the period. Geode Capital Management LLC raised its stake in AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after buying an additional 38,447 shares in the last quarter. Veritas Asset Management LLP raised its stake in AON by 41.6% in 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. Legal & General Group Plc raised its stake in AON by 5.7% in the second quarter. Legal & General Group Plc now owns 1,798,423 shares of the financial services provider’s stock worth $527,980,000 after buying an additional 96,521 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its stake in AON by 15.6% in the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock worth $455,398,000 after buying an additional 177,956 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at AON

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

AON Price Performance

NYSE AON opened at $364.00 on Friday. The stock’s fifty day moving average price is $367.82 and its 200 day moving average price is $350.52. The company has a market cap of $78.72 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.74%. AON’s payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of brokerages recently commented on AON. Keefe, Bruyette & Woods reduced their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group boosted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped 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. Barclays upped their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $370.87.

AON 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.