Tidal Investments LLC Lowers Stock Position in Aon plc (NYSE:AON)

Tidal Investments LLC reduced its holdings in shares of Aon plc (NYSE:AON) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,720 shares of the financial services provider’s stock after selling 1,083 shares during the period. Tidal Investments LLC’s holdings in AON were worth $4,055,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in shares of AON during the second quarter valued at $31,000. Anchor Investment Management LLC increased its stake in AON by 1,162.5% during the 3rd 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 in the last quarter. First Personal Financial Services purchased a new position in AON in the third quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON in the third quarter worth approximately $42,000. Finally, Eastern Bank purchased a new stake in shares of AON during the third quarter valued at approximately $43,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AON shares. BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $315.00 to $377.00 in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $362.06.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the 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 sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. 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 AON 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 owns 8,077 shares in the company, 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. 1.30% of the stock is owned by company insiders.

AON Price Performance

Shares of AON stock opened at $361.19 on Friday. The firm has a market cap of $78.11 billion, a PE ratio of 30.48, a P/E/G ratio of 2.27 and a beta of 0.91. The business has a 50-day moving average price of $371.79 and a 200 day moving average price of $337.32. 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 plc has a twelve month low of $268.06 and a twelve month high of $395.33.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is presently 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.