Cynosure Group LLC Sells 99 Shares of Aon plc (NYSE:AON)

Cynosure Group LLC decreased its position in shares of Aon plc (NYSE:AON) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,136 shares of the financial services provider’s stock after selling 99 shares during the quarter. Cynosure Group LLC’s holdings in AON were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AON. Jacobs Levy Equity Management Inc. purchased a new position in AON in the 1st quarter worth about $1,920,000. B. Riley Wealth Advisors Inc. grew its stake in shares of AON by 56.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 583 shares during the period. Hancock Whitney Corp raised its holdings in shares of AON by 7.6% during the first quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 66 shares during the last quarter. LRI Investments LLC bought a new position in AON during the first quarter valued at approximately $125,000. Finally, Swedbank AB purchased a new stake in AON in the first quarter worth approximately $34,788,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. 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 research note on Monday, October 28th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Stock Performance

Shares of NYSE AON opened at $393.42 on Thursday. The company has a market cap of $85.08 billion, a P/E ratio of 33.20, a P/E/G ratio of 2.44 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm’s fifty day moving average is $364.94 and its two-hundred day moving average is $329.79.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 0.69%. AON’s dividend 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.