Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Aon PLC (NYSE:AON) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,907 shares of the financial services provider’s stock after selling 6,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $9,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CHICAGO TRUST Co NA purchased a new stake in AON in the third quarter worth $208,000. Baird Financial Group Inc. purchased a new stake in AON in the third quarter worth $333,000. Advanced Asset Management Advisors Inc purchased a new stake in AON in the third quarter worth $601,000. Credit Suisse AG lifted its stake in AON by 9.1% in the third quarter. Credit Suisse AG now owns 390,822 shares of the financial services provider’s stock worth $60,101,000 after acquiring an additional 32,663 shares during the period. Finally, Rampart Investment Management Company LLC lifted its stake in AON by 6.8% in the third quarter. Rampart Investment Management Company LLC now owns 22,086 shares of the financial services provider’s stock worth $379,166,000 after acquiring an additional 1,407 shares during the period. 84.83% of the stock is owned by institutional investors.

Shares of AON stock opened at $156.23 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.31. The firm has a market cap of $37.21 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.42 and a beta of 0.94. Aon PLC has a 12 month low of $134.79 and a 12 month high of $166.55.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 31st. AON’s dividend payout ratio is presently 24.54%.

AON has been the subject of several recent research reports. Morgan Stanley raised their price objective on AON from $152.00 to $167.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 14th. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Wells Fargo & Co reissued a “hold” rating on shares of AON in a research report on Tuesday, January 8th. Compass Point initiated coverage on AON in a research report on Tuesday, January 15th. They set a “buy” rating and a $195.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered AON from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. AON has a consensus rating of “Hold” and a consensus price target of $165.67.

In other news, CEO Caroline Grace sold 4,000 shares of AON stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $160.00, for a total value of $640,000.00. Following the completion of the transaction, the chief executive officer now owns 41,796 shares of the company’s stock, valued at approximately $6,687,360. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by insiders.

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AON Company Profile

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

Further Reading: Cost of Capital

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Institutional Ownership by Quarter for AON (NYSE:AON)

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