McLean Asset Management Corp Decreases Position in Aon plc (NYSE:AON)

McLean Asset Management Corp trimmed its holdings in shares of Aon plc (NYSE:AON) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 696 shares of the financial services provider’s stock after selling 78 shares during the period. McLean Asset Management Corp’s holdings in AON were worth $250,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. acquired a new position in shares of AON during the third quarter valued at about $336,375,000. Vontobel Holding Ltd. raised its holdings in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after buying an additional 57,847 shares during the last quarter. State Street Corp lifted its stake in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after buying an additional 32,417 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after acquiring an additional 20,084 shares during the period. Finally, Retireful LLC purchased a new stake in AON during the 3rd quarter valued at about $759,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen increased their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets upped their price target 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. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI upgraded 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $370.87.

Insider Activity

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value 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. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred 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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $368.91 on Monday. The stock has a market capitalization of $79.79 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a 50-day simple moving average of $367.37 and a 200-day simple moving average of $351.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio is currently 22.78%.

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.