Diversify Wealth Management LLC Reduces Holdings in Aon plc (NYSE:AON)

Diversify Wealth Management LLC lowered its position in Aon plc (NYSE:AON) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 920 shares of the financial services provider’s stock after selling 174 shares during the quarter. Diversify Wealth Management LLC’s holdings in AON were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of AON. Norden Group LLC purchased a new position in shares of AON during the first quarter worth about $2,044,000. Diversify Advisory Services LLC acquired a new position in shares of AON in the first quarter valued at approximately $222,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of AON by 5.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,358 shares of the financial services provider’s stock worth $10,296,000 after purchasing an additional 1,770 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of AON by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 45,412 shares of the financial services provider’s stock worth $15,155,000 after purchasing an additional 797 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in AON by 8.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,694 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Keefe, Bruyette & Woods increased their price target on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays began coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. One investment 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, the company presently has an average rating of “Hold” and an average price target of $355.75.

AON Trading Down 0.5 %

AON stock opened at $364.42 on Friday. The stock has a market cap of $78.81 billion, a PE ratio of 30.75, a P/E/G ratio of 2.32 and a beta of 0.92. The company has a current ratio of 2.05, a quick ratio of 2.42 and a debt-to-equity ratio of 2.66. The stock has a 50-day moving average price of $352.15 and a 200 day moving average price of $318.64. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) 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.