Aon plc (NYSE:AON) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in Aon plc (NYSE:AON) by 44.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,539 shares of the financial services provider’s stock after selling 37,488 shares during the quarter. Intech Investment Management LLC’s holdings in AON were worth $16,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd acquired a new position in AON during the second quarter worth $31,000. First Personal Financial Services acquired a new stake in AON in the 3rd quarter valued at about $37,000. Eastern Bank acquired a new position in AON during the third quarter worth about $43,000. Nemes Rush Group LLC purchased a new stake in shares of AON in the second quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE AON opened at $380.08 on Thursday. The firm’s 50-day simple moving average is $360.99 and its 200 day simple moving average is $326.26. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market cap of $82.20 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.38 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 0.71%. AON’s dividend payout ratio (DPR) is presently 22.78%.

Analyst Ratings Changes

A number of research firms recently commented on AON. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AON currently has an average rating of “Hold” and a consensus target price of $359.19.

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.