Genesis Private Wealth LLC Takes $281,000 Position in Aon plc (NYSE:AON)

Genesis Private Wealth LLC acquired a new stake in Aon plc (NYSE:AON) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 783 shares of the financial services provider’s stock, valued at approximately $281,000.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the period. Geode Capital Management LLC increased its position in AON by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after purchasing an additional 38,447 shares during the period. Veritas Asset Management LLP raised its stake in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after buying an additional 883,761 shares in the last quarter. Farallon Capital Management LLC lifted its holdings in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares during the period. Finally, Legal & General Group Plc grew its holdings in AON by 5.7% during the second quarter. Legal & General Group Plc now owns 1,798,423 shares of the financial services provider’s stock worth $527,980,000 after acquiring an additional 96,521 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AON. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Bank of America increased their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $370.87.

Insider Buying and Selling at AON

In related news, insider Lisa Stevens sold 1,275 shares of the 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 transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

AON Trading Up 0.5 %

Shares of AON opened at $368.17 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The stock has a fifty day moving average of $368.53 and a two-hundred day moving average of $349.90. 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 company has a market capitalization of $79.62 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93.

AON Dividend Announcement

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

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.