McLean Asset Management Corp Sells 78 Shares of Aon plc (NYSE:AON)

McLean Asset Management Corp decreased its position in shares of Aon plc (NYSE:AON) by 10.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 696 shares of the financial services provider’s stock after selling 78 shares during the period. McLean Asset Management Corp’s holdings in AON were worth $250,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new position in AON in the fourth quarter worth $29,000. Anchor Investment Management LLC lifted its position 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 valued at $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services bought a new stake in AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of AON in the 3rd quarter worth approximately $42,000. Finally, Eastern Bank bought a new stake in AON in the third quarter worth $43,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $368.91 on Monday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The firm has a market capitalization of $79.79 billion, a PE ratio of 31.13, a PEG ratio of 2.00 and a beta of 0.93. The stock’s fifty day moving average is $367.37 and its 200 day moving average is $351.91.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s payout ratio is 22.78%.

Analysts Set New Price Targets

AON has been the topic of a number of analyst reports. Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One investment 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. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $370.87.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of the company’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 sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents 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 Company 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.