Versant Capital Management Inc Acquires 88 Shares of Aon plc (NYSE:AON)

Versant Capital Management Inc increased its holdings in Aon plc (NYSE:AON) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275 shares of the financial services provider’s stock after buying an additional 88 shares during the period. Versant Capital Management Inc’s holdings in AON were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AON. Lord Abbett & CO. LLC acquired a new stake in shares of AON during the 3rd quarter worth $79,390,000. B. Riley Wealth Advisors Inc. increased its holdings in AON by 24.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 872 shares of the financial services provider’s stock valued at $302,000 after buying an additional 170 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of AON during the 3rd quarter worth approximately $1,959,000. World Investment Advisors LLC acquired a new stake in shares of AON during the 3rd quarter worth approximately $275,000. Finally, Sanctuary Advisors LLC increased its stake in AON by 14.2% in the third quarter. Sanctuary Advisors LLC now owns 19,507 shares of the financial services provider’s stock valued at $6,749,000 after acquiring an additional 2,432 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 0.3 %

Shares of AON stock opened at $353.98 on Friday. The firm’s 50 day moving average price is $372.03 and its 200-day moving average price is $344.37. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a market cap of $76.55 billion, a P/E ratio of 29.87, a PEG ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Buying and Selling at AON

In related news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now 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 currently owned by company insiders.

Analyst Ratings Changes

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

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.