Aon plc (NYSE:AON) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in shares of Aon plc (NYSE:AON) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,481 shares of the financial services provider’s stock after selling 1,083 shares during the quarter. First Hawaiian Bank’s holdings in AON were worth $1,969,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC boosted 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 during the period. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter worth approximately $31,000. First Personal Financial Services acquired a new stake in AON in the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON during the 3rd quarter worth $42,000. Finally, Eastern Bank acquired a new position in shares of AON during the third quarter valued at $43,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AON shares. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. 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. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $365.25.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value 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. This represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of 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 disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

AON Price Performance

NYSE AON opened at $352.67 on Thursday. The company has a 50 day simple moving average of $370.79 and a 200-day simple moving average of $345.80. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The firm has a market capitalization of $76.27 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth 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 Dividend Announcement

The business 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. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is currently 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.