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

Wellington Management Group LLP lifted its holdings in Aon plc (NYSE:AON) by 392.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Y.D. More Investments Ltd bought a new stake in shares of AON during the second quarter worth $31,000. Diamond Hill Capital Management Inc. bought a new stake in AON during the 3rd quarter valued at about $336,375,000. Vontobel Holding Ltd. grew its stake in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after acquiring an additional 57,847 shares in the last quarter. State Street Corp increased its position in shares of AON by 0.4% during 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 acquiring an additional 32,417 shares during the period. Finally, Retireful LLC bought a new stake in shares of AON during the third quarter valued at approximately $759,000. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the firm’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 completion of 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 the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’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 owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $352.58 on Thursday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization 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 stock’s 50-day simple moving average is $372.11 and its 200-day simple moving average is $338.99.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 0.77%. AON’s payout ratio is 22.78%.

Analyst Upgrades and Downgrades

Several research firms have commented on AON. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. BMO Capital Markets increased their target price on shares of AON from $325.00 to $380.00 and gave the stock 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 upped their price target for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $362.06.

About AON

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.