SG Americas Securities LLC Trims Stock Position in Aon plc (NYSE:AON)

SG Americas Securities LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 70.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,239 shares of the financial services provider’s stock after selling 12,660 shares during the period. SG Americas Securities LLC’s holdings in AON were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AON. Anchor Investment Management LLC raised its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services purchased a new position in shares of AON during the third quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of AON during the third quarter worth $42,000. Eastern Bank purchased a new position in shares of AON during the third quarter worth $43,000. Finally, Nemes Rush Group LLC purchased a new position in shares of AON during the second quarter worth $45,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON opened at $368.91 on Monday. The firm has a market capitalization of $79.79 billion, a PE ratio of 31.13, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The firm’s 50-day moving average price is $367.37 and its 200 day moving average price is $351.51. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s payout ratio is presently 22.78%.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of AON 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 directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AON. Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. TD Cowen lifted their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $370.87.

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.