Aon plc (NYSE:AON) Shares Sold by Andina Capital Management LLC

Andina Capital Management LLC cut its holdings in Aon plc (NYSE:AON) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 723 shares of the financial services provider’s stock after selling 54 shares during the period. Andina Capital Management LLC’s holdings in AON were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AON. State Street Corp lifted 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 buying an additional 32,417 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 38,447 shares during the last quarter. Veritas Asset Management LLP grew its holdings 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 valued at $1,041,623,000 after purchasing an additional 883,761 shares during the period. Legal & General Group Plc raised its stake in AON by 5.7% during 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 purchasing an additional 96,521 shares during the period. Finally, Cantillon Capital Management LLC boosted its holdings in shares of AON by 15.6% in the 3rd quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after purchasing an additional 177,956 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AON. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods cut their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of the business’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 owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief operating officer now directly 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 1.2 %

AON stock opened at $368.91 on Friday. The company has a market capitalization of $79.79 billion, a P/E ratio of 31.13, a PEG ratio of 2.00 and a beta of 0.93. The firm has a 50 day simple moving average of $367.37 and a 200-day simple moving average of $351.11. 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 plc has a twelve month low of $268.06 and a twelve month high of $395.33.

AON Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.73%. AON’s dividend payout ratio (DPR) is presently 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.