M&T Bank Corp Sells 1,763 Shares of Aon plc (NYSE:AON)

M&T Bank Corp trimmed its position in shares of Aon plc (NYSE:AON) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,590 shares of the financial services provider’s stock after selling 1,763 shares during the period. M&T Bank Corp’s holdings in AON were worth $11,968,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new position in AON during the 2nd quarter valued at $31,000. Diamond Hill Capital Management Inc. purchased a new position in shares of AON during the 3rd quarter worth approximately $336,375,000. Vontobel Holding Ltd. lifted its stake in shares of AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares during the period. State Street Corp raised its holdings in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in AON by 13.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after buying an additional 20,084 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at AON

In other news, insider Lisa Stevens sold 1,275 shares of the business’s 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 sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’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 sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Price Performance

NYSE:AON opened at $358.47 on Friday. 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 plc has a 12 month low of $268.06 and a 12 month high of $395.33. The business’s 50-day moving average is $372.18 and its 200 day moving average is $340.01. The company has a market capitalization of $77.52 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.27 and a beta of 0.91.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. AON’s dividend payout ratio is presently 22.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AON. Keefe, Bruyette & Woods lifted their price target on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. TD Cowen upped their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Bank of America boosted their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $315.00 to $377.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $362.06.

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.