Fifth Third Wealth Advisors LLC Acquires 188 Shares of Aon plc (NYSE:AON)

Fifth Third Wealth Advisors LLC increased its stake in shares of Aon plc (NYSE:AON) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,914 shares of the financial services provider’s stock after acquiring an additional 188 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in AON were worth $687,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of AON by 0.4% during the 3rd 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 during the period. Geode Capital Management LLC increased its stake in AON by 0.9% during the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares during the period. Veritas Asset Management LLP lifted its position in shares of AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the period. Independent Franchise Partners LLP grew its holdings in shares of AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after purchasing an additional 49,161 shares in the last quarter. Finally, Farallon Capital Management LLC increased its position in shares of AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after purchasing an additional 1,243,200 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON stock opened at $368.26 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a market cap of $79.64 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The business’s fifty day moving average is $369.47 and its two-hundred day moving average is $348.00.

AON Announces Dividend

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 issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of research firms have weighed in on AON. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, TD Cowen increased their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $370.87.

Insiders Place Their Bets

In related news, 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the business’s 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 sale, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.