Huntington National Bank Lowers Stock Holdings in Aon plc (NYSE:AON)

Huntington National Bank trimmed its holdings in Aon plc (NYSE:AON) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,175 shares of the financial services provider’s stock after selling 59 shares during the period. Huntington National Bank’s holdings in AON were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Avantax Advisory Services Inc. boosted its stake in AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 38 shares during the period. Spirepoint Private Client LLC purchased a new position in AON during the first quarter valued at $369,000. Vanguard Group Inc. increased its holdings in AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after acquiring an additional 64,500 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of AON during the 1st quarter valued at about $906,000. Finally, Catalytic Wealth RIA LLC grew its position in shares of AON by 17.6% during the first quarter. Catalytic Wealth RIA LLC now owns 1,037 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.8 %

NYSE:AON opened at $379.29 on Friday. The stock has a fifty day simple moving average of $358.50 and a 200-day simple moving average of $323.21. 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 company has a market cap of $82.03 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s dividend payout ratio is currently 22.78%.

Analysts Set New Price Targets

A number of brokerages recently commented on AON. Jefferies Financial Group increased their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America raised 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Evercore ISI upped their target price 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. Finally, Barclays began coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $359.19.

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.