Aon plc (NYSE:AON) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. trimmed its position in shares of Aon plc (NYSE:AON) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,937 shares of the financial services provider’s stock after selling 131 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in AON were worth $1,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its stake in shares of AON by 4.5% in the fourth quarter. CWA Asset Management Group LLC now owns 1,934 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 84 shares in the last quarter. Nordea Investment Management AB lifted its stake in AON by 2.7% during the fourth quarter. Nordea Investment Management AB now owns 15,952 shares of the financial services provider’s stock worth $5,714,000 after purchasing an additional 413 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in shares of AON by 109.8% in the 4th quarter. Everence Capital Management Inc. now owns 5,370 shares of the financial services provider’s stock valued at $1,929,000 after buying an additional 2,810 shares in the last quarter. GAMMA Investing LLC boosted its stake in AON by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 1,347 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 467 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in AON by 47.1% during the 4th quarter. Versant Capital Management Inc now owns 275 shares of the financial services provider’s stock worth $99,000 after buying an additional 88 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AON shares. Bank of America increased their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Evercore ISI increased their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Finally, TD Cowen boosted their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $363.00.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction 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 in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’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 completion of the transaction, 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

AON Trading Down 1.6 %

Shares of AON opened at $348.46 on Tuesday. The stock’s 50-day moving average is $371.57 and its two-hundred day moving average is $345.39. The stock has a market cap of $75.36 billion, a PE ratio of 29.41, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. AON’s dividend payout ratio (DPR) is presently 22.78%.

AON 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.