MML Investors Services LLC Increases Stock Position in Aon plc (NYSE:AON)

MML Investors Services LLC lifted its holdings in shares of Aon plc (NYSE:AON) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,293 shares of the financial services provider’s stock after buying an additional 212 shares during the period. MML Investors Services LLC’s holdings in AON were worth $4,599,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter worth $31,000. First Personal Financial Services purchased a new stake in AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON during the third quarter worth about $42,000. Eastern Bank purchased a new position in AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of AON during the 2nd quarter valued at approximately $45,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

AON stock opened at $361.20 on Friday. The stock has a fifty day moving average price of $371.79 and a 200 day moving average price of $336.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a market capitalization of $78.12 billion, a P/E ratio of 30.48, a PEG ratio of 2.28 and a beta of 0.91. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. AON’s payout ratio is currently 22.78%.

Insider Buying and Selling

In related news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction 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 transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 of the company’s stock, valued at $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. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Evercore ISI lifted their price target on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $362.06.

AON Profile

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.