Asset Dedication LLC Has $241,000 Stock Holdings in Aon plc (NYSE:AON)

Asset Dedication LLC cut its position in shares of Aon plc (NYSE:AON) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671 shares of the financial services provider’s stock after selling 221 shares during the quarter. Asset Dedication LLC’s holdings in AON were worth $241,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares during the period. Geode Capital Management LLC increased its holdings in AON by 0.9% in the 3rd 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 during the period. 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. Cantillon Capital Management LLC lifted its holdings in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AON by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock valued at $417,528,000 after purchasing an additional 11,922 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 1.2 %

Shares of NYSE:AON opened at $366.98 on Thursday. Aon plc has a one year low of $268.06 and a one 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. The company has a market cap of $79.37 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.00 and a beta of 0.93. The firm has a fifty day moving average price of $367.15 and a two-hundred day moving average price of $352.99.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders 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 dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 22.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Jefferies Financial Group boosted 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. Finally, Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of the company’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 transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade 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 company insiders.

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.