Pacer Advisors Inc. Acquires 1,086 Shares of Aon plc (NYSE:AON)

Pacer Advisors Inc. boosted its stake in shares of Aon plc (NYSE:AON) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,287 shares of the financial services provider’s stock after buying an additional 1,086 shares during the quarter. Pacer Advisors Inc.’s holdings in AON were worth $6,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new position in AON in the fourth quarter valued at approximately $29,000. Anchor Investment Management LLC lifted its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the last quarter. First Personal Financial Services purchased a new stake in AON in the 3rd quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new stake in AON in the 3rd quarter valued at about $42,000. Finally, Eastern Bank bought a new position in AON during the third quarter worth about $43,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. 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 report on Thursday, October 10th. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. Finally, BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $370.87.

AON Stock Down 1.2 %

AON opened at $366.98 on Thursday. 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 business’s fifty day simple moving average is $367.15 and its 200 day simple moving average is $352.99. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The stock has a market cap of $79.37 billion, a PE ratio of 30.97, a P/E/G ratio of 2.00 and a beta of 0.93.

AON Announces Dividend

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

Insiders Place Their Bets

In related news, insider Lisa Stevens sold 1,275 shares of the 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 of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of AON 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 completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.