Endeavor Private Wealth Inc. Takes Position in Aon plc (NYSE:AON)

Endeavor Private Wealth Inc. bought a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 82 shares of the financial services provider’s stock, valued at approximately $29,000.

Other hedge funds have also modified their holdings of the company. 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 worth $3,059,977,000 after buying an additional 32,417 shares during the period. Geode Capital Management LLC boosted its stake in shares of AON by 0.9% in 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 acquiring an additional 38,447 shares during the period. Veritas Asset Management LLP raised its stake in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the period. Legal & General Group Plc lifted its holdings in AON by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 1,798,423 shares of the financial services provider’s stock worth $527,980,000 after purchasing an additional 96,521 shares in the last quarter. Finally, Cantillon Capital Management LLC grew its holdings in 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 valued at $455,398,000 after buying an additional 177,956 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through 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 completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade 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 corporate insiders.

AON Price Performance

AON stock opened at $367.27 on Thursday. The stock has a market cap of $79.43 billion, a PE ratio of 30.99, a P/E/G ratio of 2.00 and a beta of 0.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a 50-day moving average price of $367.82 and a 200 day moving average price of $350.52. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods dropped their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus price target of $370.87.

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.