Strategy Asset Managers LLC Has $6.63 Million Holdings in Aon plc (NYSE:AON)

Strategy Asset Managers LLC trimmed its position in shares of Aon plc (NYSE:AON) by 21.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,147 shares of the financial services provider’s stock after selling 5,234 shares during the period. AON accounts for approximately 1.3% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 26th biggest position. Strategy Asset Managers LLC’s holdings in AON were worth $6,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in AON in the 2nd quarter valued at about $31,000. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter worth approximately $37,000. Eastern Bank bought a new stake in AON in the 3rd quarter valued at $43,000. Nemes Rush Group LLC bought a new stake in shares of AON during the 2nd quarter worth about $45,000. Finally, Bruce G. Allen Investments LLC lifted its position in AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

AON has been the subject of several research reports. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. BMO Capital Markets raised their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, Barclays started coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $359.19.

AON Stock Down 0.4 %

Shares of NYSE:AON opened at $379.16 on Wednesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $82.00 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. The company has a fifty day moving average of $360.28 and a 200-day moving average of $325.88.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given 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 dividend yield of 0.71%. AON’s dividend payout ratio (DPR) is presently 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.