Crossmark Global Holdings Inc. Sells 2,402 Shares of Aon plc (NYSE:AON)

Crossmark Global Holdings Inc. reduced its position in Aon plc (NYSE:AON) by 23.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,691 shares of the financial services provider’s stock after selling 2,402 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AON were worth $2,763,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AON. State Street Corp boosted its holdings in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the period. Geode Capital Management LLC grew its position in AON by 0.9% during the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after buying an additional 38,447 shares in the last quarter. Veritas Asset Management LLP increased its stake in AON by 41.6% in 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 acquiring an additional 883,761 shares during the last quarter. Legal & General Group Plc raised its stake in AON by 5.7% in the second quarter. Legal & General Group Plc now owns 1,798,423 shares of the financial services provider’s stock valued at $527,980,000 after purchasing an additional 96,521 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its holdings in shares of AON by 15.6% during the 3rd quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock worth $455,398,000 after acquiring an additional 177,956 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on 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 owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AON has been the subject of several research reports. TD Cowen upped their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America lifted their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $370.87.

AON Price Performance

Shares of AON opened at $367.27 on Thursday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a market capitalization of $79.43 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The firm has a 50 day moving average of $368.22 and a 200 day moving average of $350.41. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is currently 22.78%.

AON Company Profile

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.