Arrowroot Family Office LLC Has $500,000 Stock Position in Aon plc (NYSE:AON)

Arrowroot Family Office LLC increased its position in Aon plc (NYSE:AON) by 4.7% in the third quarter, HoldingsChannel reports. The firm owned 1,445 shares of the financial services provider’s stock after acquiring an additional 65 shares during the period. Arrowroot Family Office LLC’s holdings in AON were worth $500,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in AON in the 2nd quarter worth about $31,000. First Personal Financial Services acquired a new stake in shares of AON during the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON during the third quarter valued at approximately $42,000. Eastern Bank acquired a new position in AON in the 3rd quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC purchased a new stake in AON in the 2nd quarter worth approximately $45,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of AON 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 directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

AON Price Performance

NYSE:AON opened at $391.54 on Monday. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The company’s 50-day moving average price is $366.76 and its two-hundred day moving average price is $331.55. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market cap of $84.68 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AON. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods increased their target price on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.