Accurate Wealth Management LLC Sells 206 Shares of Aon plc (NYSE:AON)

Accurate Wealth Management LLC reduced its stake in shares of Aon plc (NYSE:AON) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,212 shares of the financial services provider’s stock after selling 206 shares during the period. AON comprises 0.8% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Accurate Wealth Management LLC’s holdings in AON were worth $4,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its holdings in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the last quarter. Geode Capital Management LLC grew its stake in AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after buying an additional 38,447 shares in the last quarter. Veritas Asset Management LLP boosted its position in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Independent Franchise Partners LLP grew its stake in AON by 2.1% in the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after buying an additional 49,161 shares in the last quarter. Finally, Farallon Capital Management LLC raised its position in shares of AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AON shares. Bank of America boosted their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. 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. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling

In related news, COO Mindy F. Simon sold 650 shares of the firm’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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the company’s 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 of the company’s stock, valued at approximately $3,131,291.36. This represents 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 corporate insiders.

AON Price Performance

NYSE AON opened at $362.59 on Wednesday. The stock has a 50-day moving average of $369.87 and a 200 day moving average of $347.91. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a market capitalization of $78.42 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 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.