World Investment Advisors LLC Invests $275,000 in Aon plc (NYSE:AON)

World Investment Advisors LLC bought a new position in shares of Aon plc (NYSE:AON) in the 3rd quarter, Holdings Channel reports. The fund bought 796 shares of the financial services provider’s stock, valued at approximately $275,000.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of AON in the 2nd quarter valued at $31,000. Diamond Hill Capital Management Inc. acquired a new stake in AON in the third quarter worth $336,375,000. Vontobel Holding Ltd. raised its holdings in shares of AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares during the period. State Street Corp boosted its position in shares of AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after buying an additional 20,084 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was 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 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AON. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen increased their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI lifted their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $362.06.

AON Stock Performance

NYSE AON opened at $352.58 on Thursday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a 50-day simple moving average of $372.11 and a 200 day simple moving average of $338.99. The company has a market capitalization of $76.25 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.27 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 22.78%.

AON Company Profile

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.