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

Fifth Third Bancorp decreased its stake in shares of Aon plc (NYSE:AON) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,612 shares of the financial services provider’s stock after selling 303 shares during the period. Fifth Third Bancorp’s holdings in AON were worth $8,840,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the 4th quarter valued at about $29,000. Anchor Investment Management LLC raised its position 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 purchasing an additional 93 shares during the period. First Personal Financial Services bought a new position in shares of AON in the 3rd quarter worth $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON in the 3rd quarter valued at $42,000. Finally, Eastern Bank acquired a new position in AON during the third quarter worth $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $370.87.

Insider Transactions at AON

In related 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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $368.91 on Monday. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day simple moving average of $367.37 and a two-hundred day simple moving average of $351.51. The company has a market capitalization of $79.79 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.00 and a beta of 0.93.

AON Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 22.78%.

AON Company 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.