Arrowroot Family Office LLC Increases Stake in Aon plc (NYSE:AON)

Arrowroot Family Office LLC raised its stake in shares of Aon plc (NYSE:AON) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,445 shares of the financial services provider’s stock after purchasing an additional 65 shares during the period. Arrowroot Family Office LLC’s holdings in AON were worth $500,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Valley Wealth Managers Inc. boosted its holdings in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 28 shares during the last quarter. CVA Family Office LLC lifted its position in AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after buying an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in shares of AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 31 shares during the period. Intellectus Partners LLC boosted its position in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 31 shares during the period. Finally, waypoint wealth counsel raised its position in AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the topic of several analyst reports. BMO Capital Markets raised their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Evercore ISI upped their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus price target of $362.06.

AON Trading Down 0.5 %

Shares of AON stock opened at $391.54 on Monday. The firm has a market capitalization of $84.68 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.45 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. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The stock has a fifty day moving average of $366.76 and a two-hundred day moving average of $331.55.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s payout ratio is 22.78%.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by insiders.

About AON

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.