True North Advisors LLC Boosts Stock Position in Aon plc (NYSE:AON)

True North Advisors LLC grew its holdings in shares of Aon plc (NYSE:AON) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 731 shares of the financial services provider’s stock after acquiring an additional 91 shares during the period. True North Advisors LLC’s holdings in AON were worth $263,000 as of its most recent SEC filing.

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

AON Stock Performance

Shares of NYSE AON opened at $367.27 on Thursday. 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 quick ratio of 2.05 and a current ratio of 2.05. The stock has a fifty day moving average price of $368.22 and a two-hundred day moving average price of $350.41. The firm has a market cap of $79.43 billion, a P/E ratio of 30.99, a PEG ratio of 2.00 and a beta of 0.93.

AON Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Bank of America boosted their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $370.87.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.