Czech National Bank Acquires 2,637 Shares of Aon plc (NYSE:AON)

Czech National Bank raised its holdings in Aon plc (NYSE:AON) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,891 shares of the financial services provider’s stock after purchasing an additional 2,637 shares during the quarter. Czech National Bank’s holdings in AON were worth $16,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of AON. Anchor Investment Management LLC grew its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services bought a new position in AON in the 3rd quarter valued at $37,000. RPg Family Wealth Advisory LLC bought a new position in AON in the 3rd quarter valued at $42,000. Eastern Bank bought a new position in AON in the 3rd quarter valued at $43,000. Finally, Nemes Rush Group LLC bought a new position in AON in the 2nd quarter valued at $45,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $355.02 on Tuesday. 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 business’s 50 day simple moving average is $369.99 and its two-hundred day simple moving average is $347.42. The stock has a market capitalization of $76.78 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year high of $395.33.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 yield of 0.76%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This 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 is available at this link. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AON. Keefe, Bruyette & Woods cut their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday. Jefferies Financial Group increased their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays increased their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, TD Cowen increased their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $368.67.

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.