Gladius Capital Management LP Sells 97 Shares of Aon plc (NYSE:AON)

Gladius Capital Management LP cut its stake in shares of Aon plc (NYSE:AON) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 981 shares of the financial services provider’s stock after selling 97 shares during the quarter. AON comprises approximately 0.0% of Gladius Capital Management LP’s portfolio, making the stock its 25th biggest position. Gladius Capital Management LP’s holdings in AON were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC bought a new stake in AON during the 3rd quarter valued at about $263,000. Mizuho Securities USA LLC grew its holdings in shares of AON by 43.1% during the third quarter. Mizuho Securities USA LLC now owns 23,986 shares of the financial services provider’s stock valued at $8,299,000 after buying an additional 7,221 shares during the last quarter. KCM Investment Advisors LLC bought a new stake in shares of AON during the third quarter valued at approximately $211,000. Valley Wealth Managers Inc. raised its holdings in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 28 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in AON by 16.9% in the 3rd quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider’s stock valued at $1,334,000 after acquiring an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AON. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $359.19.

AON Stock Up 0.8 %

NYSE AON opened at $379.29 on Friday. The stock’s 50-day moving average price is $359.12 and its 200-day moving average price is $324.19. The company has a market capitalization of $82.03 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.71%. AON’s payout ratio is currently 22.78%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.