Canoe Financial LP Acquires 5,000 Shares of Aon plc (NYSE:AON)

Canoe Financial LP increased its holdings in shares of Aon plc (NYSE:AON) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,109 shares of the financial services provider’s stock after acquiring an additional 5,000 shares during the quarter. Canoe Financial LP’s holdings in AON were worth $20,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of AON by 49.6% in the 2nd quarter. American Century Companies Inc. now owns 36,209 shares of the financial services provider’s stock worth $10,630,000 after buying an additional 12,006 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in AON by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 655,944 shares of the financial services provider’s stock valued at $192,568,000 after acquiring an additional 46,560 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of AON by 25.1% during the 2nd quarter. Moors & Cabot Inc. now owns 1,052 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 211 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of AON by 4.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 27,418 shares of the financial services provider’s stock worth $8,049,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of AON by 43.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,698 shares of the financial services provider’s stock worth $4,021,000 after purchasing an additional 4,122 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were 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 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. 1.30% of the stock is owned by company insiders.

AON Trading Down 0.6 %

Shares of AON stock opened at $365.83 on Friday. The company has a market capitalization of $79.12 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The business’s fifty day moving average is $369.24 and its 200 day moving average is $348.14. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend 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.