Sumitomo Life Insurance Co. Has $1.10 Million Holdings in Aon plc (NYSE:AON)

Sumitomo Life Insurance Co. trimmed its holdings in shares of Aon plc (NYSE:AON) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,060 shares of the financial services provider’s stock after selling 100 shares during the period. Sumitomo Life Insurance Co.’s holdings in AON were worth $1,099,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Diamond Hill Capital Management Inc. bought a new position in shares of AON in the 3rd quarter worth $336,375,000. Vontobel Holding Ltd. lifted its position in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares in the last quarter. State Street Corp boosted its stake 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 acquiring an additional 32,417 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after buying an additional 20,084 shares during the last quarter. Finally, Retireful LLC bought a new stake in shares of AON during the 3rd quarter worth approximately $759,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were 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 owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’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 transaction of $494,292.00. Following the sale, the insider now 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 position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Stock Down 1.2 %

Shares of NYSE:AON opened at $366.98 on Thursday. The firm has a market cap of $79.37 billion, a P/E ratio of 30.97, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The business’s 50 day simple moving average is $367.15 and its two-hundred day simple moving average is $352.99. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The firm 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. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.74%. AON’s payout ratio is 22.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AON. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. Barclays upped 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. Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One 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. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus price target of $370.87.

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.