Westbourne Investment Advisors Inc. lessened its stake in shares of Aon PLC (NYSE:AON) by 24.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,160 shares of the financial services provider’s stock after selling 700 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in AON were worth $418,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of AON. Nuveen Asset Management LLC lifted its position in shares of AON by 15,731.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,065,627 shares of the financial services provider’s stock worth $205,644,000 after buying an additional 1,058,896 shares during the last quarter. Longview Partners Guernsey LTD increased its holdings in shares of AON by 8.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock valued at $1,254,868,000 after acquiring an additional 531,216 shares during the period. California Public Employees Retirement System increased its holdings in shares of AON by 21.6% in the 2nd quarter. California Public Employees Retirement System now owns 1,868,956 shares of the financial services provider’s stock valued at $360,671,000 after acquiring an additional 332,400 shares during the period. Vanguard Group Inc. increased its holdings in shares of AON by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock valued at $3,552,130,000 after acquiring an additional 275,773 shares during the period. Finally, FMR LLC increased its holdings in shares of AON by 25.2% in the 1st quarter. FMR LLC now owns 1,148,742 shares of the financial services provider’s stock valued at $196,090,000 after acquiring an additional 231,231 shares during the period. Institutional investors and hedge funds own 85.80% of the company’s stock.
AON traded up $0.74 during trading on Tuesday, hitting $195.77. The stock had a trading volume of 298,588 shares, compared to its average volume of 626,549. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $45.50 billion, a P/E ratio of 23.99, a PEG ratio of 1.78 and a beta of 0.85. The company’s 50-day moving average price is $192.17 and its 200 day moving average price is $187.86. Aon PLC has a twelve month low of $135.30 and a twelve month high of $198.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.44 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.76 annualized dividend and a yield of 0.90%. AON’s dividend payout ratio is currently 21.57%.
In other news, COO John G. Bruno sold 7,600 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the transaction, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at approximately $8,894,259.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Neller sold 750 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $193.29, for a total transaction of $144,967.50. Following the transaction, the insider now directly owns 2,192 shares in the company, valued at $423,691.68. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
A number of brokerages have recently commented on AON. Wells Fargo & Co reaffirmed a “hold” rating and issued a $195.00 target price on shares of AON in a report on Friday, July 26th. MKM Partners raised shares of AON to a “buy” rating and lifted their target price for the company from $210.00 to $225.00 in a report on Monday, June 24th. UBS Group lifted their target price on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays set a $190.00 target price on shares of AON and gave the company a “hold” rating in a report on Monday, August 12th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. AON presently has an average rating of “Hold” and a consensus target price of $187.30.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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