Sargent Investment Group LLC Trims Stake in Aon plc (NYSE:AON)

Sargent Investment Group LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,117 shares of the financial services provider’s stock after selling 327 shares during the period. Sargent Investment Group LLC’s holdings in AON were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AON. Farallon Capital Management LLC raised its holdings in shares of AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of AON during the 3rd quarter worth about $336,375,000. Veritas Asset Management LLP increased its stake in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the period. Meritage Group LP bought a new stake in AON during the first quarter worth about $258,471,000. Finally, Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 548,563 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Bank of America boosted their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Piper Sandler raised their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One equities 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 company has an average rating of “Hold” and a consensus price target of $359.19.

AON Trading Down 2.2 %

Shares of NYSE:AON traded down $8.53 during trading on Thursday, reaching $378.39. 590,629 shares of the company traded hands, compared to its average volume of 1,173,228. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The business’s fifty day moving average is $357.95 and its 200-day moving average is $322.84. The firm has a market capitalization of $81.83 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.40 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON’s dividend payout ratio (DPR) is presently 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.