Crossmark Global Holdings Inc. Sells 2,402 Shares of Aon plc (NYSE:AON)

Crossmark Global Holdings Inc. reduced its position in Aon plc (NYSE:AON) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,691 shares of the financial services provider’s stock after selling 2,402 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AON were worth $2,763,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services acquired a new stake in AON during the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC bought a new stake in AON in the third quarter worth approximately $42,000. Eastern Bank acquired a new position in AON in the third quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC acquired a new position in shares of AON during the 2nd quarter valued at $45,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.2 %

Shares of AON stock opened at $367.27 on Thursday. 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 company 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. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a 50-day simple moving average of $368.22 and a two-hundred day simple moving average of $350.41.

AON Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AON. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $370.87.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s 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 $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.