Aon plc (NYSE:AON) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its position in Aon plc (NYSE:AON) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,045 shares of the financial services provider’s stock after acquiring an additional 125 shares during the period. Diversify Wealth Management LLC’s holdings in AON were worth $365,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. purchased a new position in shares of AON in the third quarter valued at $336,375,000. Vontobel Holding Ltd. raised its position in AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after acquiring an additional 57,847 shares during the last quarter. State Street Corp lifted its holdings in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after purchasing an additional 20,084 shares in the last quarter. Finally, Retireful LLC acquired a new position in shares of AON during the 3rd quarter worth approximately $759,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of the company’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 completion of the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

AON Stock Performance

Shares of NYSE:AON opened at $367.27 on Thursday. The business has a 50-day moving average of $368.22 and a two-hundred day moving average of $350.41. The firm has a market capitalization of $79.43 billion, a PE ratio of 30.99, a P/E/G ratio of 1.99 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. AON’s dividend payout ratio (DPR) is 22.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AON shares. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, AON presently has an average 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.