Wrapmanager Inc. Lowers Stock Holdings in Aon plc (NYSE:AON)

Wrapmanager Inc. cut its holdings in shares of Aon plc (NYSE:AON) by 24.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 776 shares of the financial services provider’s stock after selling 254 shares during the period. Wrapmanager Inc.’s holdings in AON were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Valley Wealth Managers Inc. grew its stake in shares of AON by 3.3% in the third 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 in the last quarter. CVA Family Office LLC grew its stake in AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC raised its position in AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after buying an additional 31 shares during the period. Finally, waypoint wealth counsel increased its stake in shares of AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent research reports. Barclays started coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Bank of America raised their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $359.19.

AON Trading Down 0.4 %

NYSE:AON opened at $379.16 on Wednesday. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock’s 50 day simple moving average is $360.28 and its 200-day simple moving average is $325.88. The firm has a market cap of $82.00 billion, a P/E ratio of 32.00, a PEG ratio of 2.38 and a beta of 0.91.

AON Announces Dividend

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

AON Company Profile

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.