Aon plc (NYSE:AON) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its position in shares of Aon plc (NYSE:AON) by 2.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 56,124 shares of the financial services provider’s stock after selling 1,494 shares during the quarter. MetLife Investment Management LLC’s holdings in AON were worth $19,418,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its holdings in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 28 shares in the last quarter. CVA Family Office LLC raised its position in shares of AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares during the last quarter. Amplius Wealth Advisors LLC boosted its holdings in AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after buying an additional 31 shares during the last quarter. Intellectus Partners LLC lifted its position in AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after buying an additional 31 shares in the last quarter. Finally, waypoint wealth counsel raised its stake in AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $393.42 on Thursday. The company has a fifty day moving average of $364.94 and a two-hundred day moving average of $329.79. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a market capitalization of $85.08 billion, a PE ratio of 33.20, a P/E/G ratio of 2.44 and a beta of 0.91.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is 22.78%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AON. Evercore ISI lifted their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Keefe, Bruyette & Woods lifted 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 reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. Finally, Bank of America boosted their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $362.06.

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.