Plato Investment Management Ltd Sells 3,678 Shares of Aon plc (NYSE:AON)

Plato Investment Management Ltd decreased its holdings in Aon plc (NYSE:AON) by 43.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,786 shares of the financial services provider’s stock after selling 3,678 shares during the period. Plato Investment Management Ltd’s holdings in AON were worth $1,654,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in AON by 0.4% during the first 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. Massachusetts Financial Services Co. MA lifted its stake in shares of AON by 2.5% in the 2nd 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 purchasing an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of 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 purchasing an additional 52,099 shares during the last quarter. Veritas Asset Management LLP lifted its stake in shares of AON by 41.6% in the 3rd 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 purchasing an additional 883,761 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in shares of AON by 2.1% in the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after purchasing an additional 49,161 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AON. Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Barclays began coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note 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 report on Monday, August 5th. Finally, Jefferies Financial Group increased their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $359.19.

AON Trading Down 2.7 %

Shares of NYSE:AON opened at $376.34 on Friday. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The business’s fifty day simple moving average is $357.95 and its 200-day simple moving average is $322.84. The company has a market capitalization of $81.39 billion, a PE ratio of 31.76, a P/E/G ratio of 2.42 and a beta of 0.91. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. AON’s dividend payout ratio 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.