Trust Co. of Vermont Reduces Stock Position in Aon plc (NYSE:AON)

Trust Co. of Vermont lowered its stake in shares of Aon plc (NYSE:AON) by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 270 shares of the financial services provider’s stock after selling 168 shares during the period. Trust Co. of Vermont’s holdings in AON were worth $97,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC grew its holdings in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services acquired a new stake in shares of AON during the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of AON during the 3rd quarter valued at approximately $42,000. Eastern Bank acquired a new position in AON in the third quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC purchased a new position in AON in the second quarter worth approximately $45,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AON. JPMorgan Chase & Co. upped their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. TD Cowen increased their target price on shares of AON from $413.00 to $432.00 in a research note 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. Bank of America lifted 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. Finally, Keefe, Bruyette & Woods decreased their price target on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $370.87.

AON Stock Down 0.6 %

AON opened at $365.83 on Monday. The business’s 50-day simple moving average is $368.88 and its 200-day simple moving average is $349.01. Aon plc has a one year low of $268.06 and a one year high of $395.33. 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 stock has a market capitalization of $79.12 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio is presently 22.78%.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the firm’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 completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.