Wellington Management Group LLP Increases Stake in Aon plc (NYSE:AON)

Wellington Management Group LLP grew its stake in Aon plc (NYSE:AON) by 392.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,039 shares of the financial services provider’s stock after buying an additional 4,812 shares during the quarter. Wellington Management Group LLP’s holdings in AON were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AON. Weiss Asset Management LP purchased a new position in AON in the third quarter valued at $20,783,000. State Street Corp increased its stake in shares of 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 in the last quarter. Stifel Financial Corp raised its holdings in AON by 8.9% in the 3rd quarter. Stifel Financial Corp now owns 153,511 shares of the financial services provider’s stock worth $53,113,000 after purchasing an additional 12,564 shares during the period. Quantinno Capital Management LP boosted its position in AON by 79.6% during the third quarter. Quantinno Capital Management LP now owns 9,050 shares of the financial services provider’s stock worth $3,131,000 after purchasing an additional 4,010 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in AON in the third quarter valued at approximately $517,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AON shares. TD Cowen increased their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI increased their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $362.06.

AON Trading Down 1.8 %

Shares of AON stock opened at $352.58 on Thursday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The stock has a market cap of $76.25 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.27 and a beta of 0.91. The company’s 50-day moving average price is $372.11 and its 200-day moving average price is $338.99. 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 company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued 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 0.77%. AON’s dividend payout ratio is currently 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.