Nisa Investment Advisors LLC Boosts Stock Position in Aon plc (NYSE:AON)

Nisa Investment Advisors LLC increased its position in shares of Aon plc (NYSE:AON) by 146.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,683 shares of the financial services provider’s stock after purchasing an additional 80,584 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of AON worth $48,732,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services acquired a new position in AON during the third quarter valued at $37,000. RPg Family Wealth Advisory LLC purchased a new stake in AON in the third quarter valued at $42,000. Eastern Bank acquired a new stake in AON during the 3rd quarter worth about $43,000. Finally, Nemes Rush Group LLC purchased a new position in shares of AON during the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $368.17 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a market cap of $79.62 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The stock’s 50 day simple moving average is $368.53 and its 200-day simple moving average is $349.90.

AON Announces Dividend

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 paid a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $256,321.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of several analyst reports. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $370.87.

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.