Aurora Investment Counsel Acquires New Position in Aon PLC (AON)
Aurora Investment Counsel bought a new position in shares of Aon PLC (NYSE:AON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,519 shares of the financial services provider’s stock, valued at approximately $1,674,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AON. Altshuler Shaham Ltd purchased a new position in AON during the fourth quarter worth about $25,000. Berman Capital Advisors LLC purchased a new position in AON during the fourth quarter worth about $25,000. Oregon Public Employees Retirement Fund lifted its position in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after buying an additional 3,813,464 shares during the period. Sontag Advisory LLC purchased a new position in AON during the fourth quarter worth about $31,000. Finally, YorkBridge Wealth Partners LLC lifted its position in AON by 1,875.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock worth $46,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 84.64% of the company’s stock.
AON stock opened at $167.98 on Thursday. The stock has a market capitalization of $39.99 billion, a PE ratio of 20.59, a PEG ratio of 1.53 and a beta of 0.94. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.42. Aon PLC has a 12 month low of $134.82 and a 12 month high of $173.53.
In other news, insider Michael Neller sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $171.66, for a total value of $214,575.00. Following the transaction, the insider now directly owns 5,188 shares in the company, valued at approximately $890,572.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Peter M. Lieb sold 15,068 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total value of $2,603,298.36. Following the completion of the transaction, the general counsel now owns 17,985 shares in the company, valued at $3,107,268.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,470 shares of company stock worth $13,468,000. Company insiders own 0.42% of the company’s stock.
Several equities analysts recently weighed in on AON shares. Goldman Sachs Group downgraded AON from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $171.00 to $163.00 in a research report on Tuesday, January 8th. ValuEngine upgraded AON from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and increased their target price for the stock from $155.00 to $200.00 in a research report on Monday, February 4th. Keefe, Bruyette & Woods downgraded AON from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. Finally, William Blair reiterated a “market perform” rating on shares of AON in a research report on Friday, February 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $169.10.
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Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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