Aon plc (NYSE:AON) Shares Sold by Cooper Financial Group

Cooper Financial Group lowered its holdings in Aon plc (NYSE:AON) by 63.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 898 shares of the financial services provider’s stock after selling 1,534 shares during the quarter. Cooper Financial Group’s holdings in AON were worth $323,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AON. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% during the 3rd 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 AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON during the third quarter valued at about $42,000. Eastern Bank acquired a new position in shares of AON in the 3rd quarter worth approximately $43,000. Finally, Nemes Rush Group LLC purchased a new position in shares of AON during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 2.2 %

AON stock opened at $362.59 on Wednesday. The stock’s fifty day moving average is $369.87 and its two-hundred day moving average is $347.91. The stock has a market cap of $78.42 billion, a PE ratio of 30.60, a P/E/G ratio of 2.27 and a beta of 0.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. 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 Announces Dividend

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

Insider Buying and Selling at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s 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 owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were 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 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AON has been the topic of a number of research reports. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $377.00 to $410.00 in a research note on Tuesday. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $370.87.

AON 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.