Brookstone Capital Management Sells 66 Shares of Aon plc (NYSE:AON)

Brookstone Capital Management lessened its position in shares of Aon plc (NYSE:AON) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 917 shares of the financial services provider’s stock after selling 66 shares during the period. Brookstone Capital Management’s holdings in AON were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of AON by 49.6% in the 2nd quarter. American Century Companies Inc. now owns 36,209 shares of the financial services provider’s stock worth $10,630,000 after buying an additional 12,006 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of AON by 25.1% in the 2nd quarter. Moors & Cabot Inc. now owns 1,052 shares of the financial services provider’s stock worth $309,000 after buying an additional 211 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of AON by 43.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,698 shares of the financial services provider’s stock worth $4,021,000 after buying an additional 4,122 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of AON by 1.6% in the 2nd quarter. Ieq Capital LLC now owns 15,471 shares of the financial services provider’s stock worth $4,542,000 after buying an additional 243 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of AON by 5,232.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 208,022 shares of the financial services provider’s stock worth $61,071,000 after buying an additional 204,121 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America increased their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Barclays increased their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, TD Cowen increased their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five 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 $370.87.

AON Stock Down 0.6 %

Shares of AON stock opened at $365.83 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company has a 50-day moving average of $368.88 and a 200 day moving average of $348.64. The firm has a market cap of $79.12 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.95 and a beta of 0.93. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON Dividend Announcement

The firm 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 $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. AON’s payout ratio is 22.78%.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s 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 completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.