Ceredex Value Advisors LLC Lowers Holdings in Aon plc (NYSE:AON)

Ceredex Value Advisors LLC cut its stake in shares of Aon plc (NYSE:AON) by 18.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,799 shares of the financial services provider’s stock after selling 32,572 shares during the quarter. Ceredex Value Advisors LLC’s holdings in AON were worth $51,137,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AON. Farther Finance Advisors LLC raised its holdings in AON by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 154 shares during the last quarter. Dash Acquisitions Inc. increased its holdings in shares of AON by 6.6% in the 3rd quarter. Dash Acquisitions Inc. now owns 21,618 shares of the financial services provider’s stock worth $8,116,000 after purchasing an additional 1,333 shares in the last quarter. Americana Partners LLC raised its stake in shares of AON by 5.8% in the third quarter. Americana Partners LLC now owns 2,050 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 113 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of AON by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,092 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 40 shares in the last quarter. Finally, Fiducient Advisors LLC increased its holdings in AON by 0.5% in the 3rd quarter. Fiducient Advisors LLC now owns 374,391 shares of the financial services provider’s stock worth $129,536,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. JPMorgan Chase & Co. raised their price target on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Morgan Stanley reduced their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Barclays assumed coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Finally, Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $355.75.

AON Stock Down 0.5 %

Shares of AON opened at $364.42 on Friday. The business’s 50 day moving average is $352.15 and its 200 day moving average is $318.64. The company has a current ratio of 2.05, a quick ratio of 2.42 and a debt-to-equity ratio of 2.66. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The company has a market capitalization of $78.81 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91.

AON Dividend Announcement

The business also recently announced 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. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, November 1st. 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.