Fifth Third Bancorp Has $8.84 Million Stock Holdings in Aon plc (NYSE:AON)

Fifth Third Bancorp reduced its stake in Aon plc (NYSE:AON) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,612 shares of the financial services provider’s stock after selling 303 shares during the quarter. Fifth Third Bancorp’s holdings in AON were worth $8,840,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in AON in the 4th quarter valued at $29,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services acquired a new position in shares of AON in the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new position in AON during the third quarter worth about $42,000. Finally, Eastern Bank acquired a new stake in AON in the 3rd quarter worth about $43,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $368.91 on Monday. The company has a market capitalization of $79.79 billion, a PE ratio of 31.13, a P/E/G ratio of 2.00 and a beta of 0.93. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a 50-day moving average price of $367.37 and a two-hundred day moving average price of $351.51. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s payout ratio is 22.78%.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated 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 $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AON. BMO Capital Markets raised 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. Bank of America lifted their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $370.87.

About AON

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.