Motley Fool Wealth Management LLC Sells 3,685 Shares of Aon plc (NYSE:AON)

Motley Fool Wealth Management LLC lowered its position in Aon plc (NYSE:AON) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,700 shares of the financial services provider’s stock after selling 3,685 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in AON were worth $13,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of AON during the second quarter valued at $31,000. First Personal Financial Services bought a new position in AON during the 3rd quarter worth about $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON during the 3rd quarter valued at about $42,000. Eastern Bank bought a new stake in shares of AON in the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON in the 2nd quarter worth approximately $45,000. 86.14% of the stock is owned by institutional investors.

AON Stock Down 0.6 %

AON stock opened at $385.51 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a market cap of $83.37 billion, a PE ratio of 32.53, a PEG ratio of 2.43 and a beta of 0.91. 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 business’s 50-day simple moving average is $368.30 and its two-hundred day simple moving average is $332.88.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is presently 22.78%.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated 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 directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business’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 value of $494,292.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AON. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays boosted their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $315.00 to $377.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $362.06.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.