Crossmark Global Holdings Inc. Sells 351 Shares of Aon plc (NYSE:AON)

Crossmark Global Holdings Inc. lessened its position in shares of Aon plc (NYSE:AON) by 3.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,093 shares of the financial services provider’s stock after selling 351 shares during the period. Crossmark Global Holdings Inc.’s holdings in AON were worth $3,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AON. Y.D. More Investments Ltd bought a new stake in AON in the second quarter valued at $31,000. First Personal Financial Services acquired a new position in shares of AON during the third quarter valued at about $37,000. Eastern Bank acquired a new position in shares of AON during the third quarter valued at about $43,000. Nemes Rush Group LLC purchased a new position in AON during the second quarter worth about $45,000. Finally, LRI Investments LLC purchased a new position in AON during the first quarter worth about $55,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AON shares. Bank of America boosted their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Barclays started coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. 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 research note on Monday, August 26th. Finally, BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $359.19.

AON Stock Performance

AON stock opened at $383.38 on Tuesday. The firm’s 50 day simple moving average is $355.63 and its 200 day simple moving average is $321.16. 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 firm has a market capitalization of $82.91 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is 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.