GAMMA Investing LLC Has $484,000 Stock Holdings in Aon plc (NYSE:AON)

GAMMA Investing LLC lifted its holdings in shares of Aon plc (NYSE:AON) by 53.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,347 shares of the financial services provider’s stock after purchasing an additional 467 shares during the quarter. GAMMA Investing LLC’s holdings in AON were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AON. Y.D. More Investments Ltd bought a new position in AON during the second quarter valued at about $31,000. Diamond Hill Capital Management Inc. bought a new position in shares of AON in the 3rd quarter valued at approximately $336,375,000. Vontobel Holding Ltd. lifted its holdings 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 purchasing an additional 57,847 shares during the last quarter. State Street Corp grew its holdings in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of AON by 13.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after purchasing an additional 20,084 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were 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 of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AON. BMO Capital Markets upped their price objective 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. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday. Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $363.00.

AON Trading Down 0.3 %

Shares of AON stock opened at $353.98 on Monday. 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 fifty day moving average of $372.03 and a 200-day moving average of $345.03. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The stock has a market cap of $76.55 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 2.27 and a beta of 0.93.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued 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 was Friday, November 1st. AON’s payout ratio is 22.78%.

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.