Thomasville National Bank Acquires Shares of 1,222 Aon plc (NYSE:AON)

Thomasville National Bank purchased a new stake in shares of Aon plc (NYSE:AON) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,222 shares of the financial services provider’s stock, valued at approximately $439,000.

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

AON Price Performance

Shares of AON opened at $355.02 on Tuesday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a 50 day moving average of $369.99 and a 200-day moving average of $347.42. The stock has a market capitalization of $76.78 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.27 and a beta of 0.93. 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 Announces Dividend

The business 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. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.76%. AON’s dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

AON has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Jefferies Financial Group increased their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $368.67.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of AON 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 completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction 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 in the company, 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. Insiders own 1.30% of the company’s stock.

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.