Carderock Capital Management Inc. Raises Stock Position in Aon plc (NYSE:AON)

Carderock Capital Management Inc. boosted its stake in Aon plc (NYSE:AON) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,497 shares of the financial services provider’s stock after purchasing an additional 970 shares during the period. Carderock Capital Management Inc.’s holdings in AON were worth $6,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farallon Capital Management LLC raised its holdings 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 during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON during the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP lifted its position in shares of AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Finally, Stone Point Capital LLC purchased a new stake in AON during the 2nd quarter worth $151,808,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 0.6 %

Shares of AON stock opened at $365.83 on Friday. 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 plc has a 12-month low of $268.06 and a 12-month high of $395.33. The firm has a market capitalization of $79.12 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The stock’s fifty day moving average is $369.24 and its 200-day moving average is $348.14.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is currently 22.78%.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value 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 trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AON shares. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Bank of America increased their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $370.87.

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.