Strategy Asset Managers LLC Has $6.63 Million Position in Aon plc (NYSE:AON)

Strategy Asset Managers LLC trimmed its position in shares of Aon plc (NYSE:AON) by 21.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,147 shares of the financial services provider’s stock after selling 5,234 shares during the period. AON makes up approximately 1.3% of Strategy Asset Managers LLC’s holdings, making the stock its 26th largest holding. Strategy Asset Managers LLC’s holdings in AON were worth $6,625,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AON. Avantax Advisory Services Inc. boosted its stake in AON by 5.5% during the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after buying an additional 38 shares in the last quarter. Edgestream Partners L.P. bought a new position in AON during the first quarter worth about $906,000. Lake Street Advisors Group LLC boosted its holdings in AON by 85.8% during the first quarter. Lake Street Advisors Group LLC now owns 2,025 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 935 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of AON in the 1st quarter valued at approximately $675,000. Finally, Capital Group Investment Management PTE. LTD. raised its holdings in shares of AON by 5.7% in the 1st quarter. Capital Group Investment Management PTE. LTD. now owns 10,437 shares of the financial services provider’s stock worth $3,483,000 after buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Evercore ISI increased their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Piper Sandler lifted 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. Finally, Barclays assumed coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of “Hold” and a consensus price target of $359.19.

AON Stock Down 0.4 %

Shares of AON stock opened at $379.16 on Wednesday. The company has a market capitalization of $82.00 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 2.38 and a beta of 0.91. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The firm has a fifty day moving average of $360.28 and a 200-day moving average of $325.88. 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 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 dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 22.78%.

AON 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.