Signal Advisors Wealth LLC Raises Stock Holdings in Aon plc (NYSE:AON)

Signal Advisors Wealth LLC raised its position in shares of Aon plc (NYSE:AON) by 5.5% during the 4th quarter, Holdings Channel reports. The firm owned 790 shares of the financial services provider’s stock after buying an additional 41 shares during the quarter. Signal Advisors Wealth LLC’s holdings in AON were worth $284,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of AON. Farallon Capital Management LLC increased its holdings in AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after buying an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the 3rd quarter valued at $336,375,000. Veritas Asset Management LLP raised its holdings in shares of AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares during the period. Finally, Stone Point Capital LLC purchased a new stake in AON in the second quarter valued at $151,808,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In related news, insider Lisa Stevens sold 1,275 shares of AON 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 transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of the business’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 transaction, 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 position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

AON Price Performance

NYSE:AON opened at $361.24 on Thursday. The firm has a market cap of $78.12 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The stock has a 50 day moving average of $369.87 and a two-hundred day moving average of $347.91. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AON. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $377.00 to $410.00 in a report on Tuesday. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. 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 report on Friday, January 3rd. BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.