MassMutual Private Wealth & Trust FSB Buys 59 Shares of Aon plc (NYSE:AON)

MassMutual Private Wealth & Trust FSB increased its position in shares of Aon plc (NYSE:AON) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 595 shares of the financial services provider’s stock after buying an additional 59 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in AON were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. raised its holdings in shares of AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 28 shares during the period. CVA Family Office LLC raised its stake in shares of AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after buying an additional 29 shares during the period. Amplius Wealth Advisors LLC grew its stake in shares of AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 31 shares during the period. Intellectus Partners LLC increased its holdings in AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 31 shares during the last quarter. Finally, waypoint wealth counsel raised its stake in AON by 3.6% in the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on 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 in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. Jefferies Financial Group lifted their target price 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. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Finally, Barclays lifted their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON has an average rating of “Hold” and a consensus target price of $370.87.

AON Price Performance

Shares of NYSE:AON opened at $367.27 on Thursday. Aon plc has a one year low of $268.06 and a one 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. The firm has a market capitalization of $79.43 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.99 and a beta of 0.93. The company’s fifty day moving average price is $368.22 and its 200-day moving average price is $350.41.

AON Announces Dividend

The company 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 of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. AON’s payout ratio is 22.78%.

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.