Czech National Bank Buys 2,637 Shares of Aon plc (NYSE:AON)

Czech National Bank increased its holdings in shares of Aon plc (NYSE:AON) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 46,891 shares of the financial services provider’s stock after buying an additional 2,637 shares during the period. Czech National Bank’s holdings in AON were worth $16,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% during the third 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 in the last quarter. First Personal Financial Services bought a new position in AON in the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new position in AON in the third quarter valued at about $42,000. Eastern Bank bought a new position in AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC bought a new position in AON in the second quarter valued at about $45,000. 86.14% of the stock is owned by institutional investors.

Insider Activity at AON

In other news, insider Lisa Stevens sold 1,275 shares of the firm’s 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 sale, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $256,321.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

AON Stock Performance

NYSE:AON opened at $355.02 on Tuesday. The stock has a 50-day moving average price of $369.99 and a 200 day moving average price of $347.42. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The stock has a market capitalization of $76.78 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.27 and a beta of 0.93. 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 will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

AON has been the topic of a number of recent research reports. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. TD Cowen upped their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Bank of America upped their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $368.67.

AON Profile

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.