Kentucky Retirement Systems trimmed its position in shares of Aon plc (NYSE:AON – Free Report) by 7.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,134 shares of the financial services provider’s stock after selling 1,251 shares during the quarter. Kentucky Retirement Systems’ holdings in AON were worth $5,236,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of AON. Massachusetts Financial Services Co. MA lifted its stake in shares of AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after buying an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after acquiring an additional 52,099 shares in the last quarter. Veritas Asset Management LLP increased its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares in the last quarter. Independent Franchise Partners LLP raised its stake in shares of AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after purchasing an additional 49,161 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AON by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased 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. Piper Sandler raised their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Finally, Evercore ISI increased their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, AON has an average rating of “Hold” and a consensus price target of $359.19.
AON Price Performance
Shares of NYSE:AON opened at $379.29 on Friday. The company has a 50-day moving average price of $359.12 and a two-hundred day moving average price of $324.19. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $82.03 billion, a PE ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 0.91.
AON Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid 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 yield of 0.71%. AON’s dividend payout ratio is 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.
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