Dai ichi Life Insurance Company Ltd Sells 278 Shares of Aon plc (NYSE:AON)

Dai ichi Life Insurance Company Ltd trimmed its position in Aon plc (NYSE:AON) by 3.4% in the third quarter, Holdings Channel reports. The fund owned 7,825 shares of the financial services provider’s stock after selling 278 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in AON were worth $2,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AON. Jacobs Levy Equity Management Inc. bought a new stake in shares of AON during the first quarter worth about $1,920,000. B. Riley Wealth Advisors Inc. raised its stake in shares of AON by 56.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 583 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of AON by 7.6% during the first quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 66 shares during the period. LRI Investments LLC bought a new stake in shares of AON in the first quarter worth $125,000. Finally, Swedbank AB bought a new position in AON during the 1st quarter worth $34,788,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. 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 note on Wednesday, October 9th. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. Finally, TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $362.06.

AON Stock Up 0.8 %

AON stock opened at $393.42 on Thursday. 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 firm’s fifty day moving average price is $364.94 and its two-hundred day moving average price is $329.79. The firm has a market capitalization of $85.08 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

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.