Aon plc (NYSE:AON) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New cut its holdings in Aon plc (NYSE:AON) by 2.7% 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 2,022 shares of the financial services provider’s stock after selling 56 shares during the period. Cigna Investments Inc. New’s holdings in AON were worth $700,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AON. Y.D. More Investments Ltd purchased a new stake in AON during the second quarter worth approximately $31,000. Norden Group LLC purchased a new stake in shares of AON during the 1st quarter worth approximately $2,044,000. Daiwa Securities Group Inc. boosted its holdings in shares of AON by 14.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares in the last quarter. Vanguard Group Inc. grew its position in shares of AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after buying an additional 64,500 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in AON by 150.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after acquiring an additional 57,847 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock opened at $364.42 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.42 and a debt-to-equity ratio of 2.66. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The company has a market cap of $78.81 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91. The stock has a 50 day simple moving average of $352.15 and a 200-day simple moving average of $318.64.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 0.74%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 22.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Barclays started 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. Jefferies Financial Group upped their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler raised their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $355.75.

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.