Intech Investment Management LLC Has $16.10 Million Stake in Aon plc (NYSE:AON)

Intech Investment Management LLC lessened its holdings in Aon plc (NYSE:AON) by 44.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,539 shares of the financial services provider’s stock after selling 37,488 shares during the period. Intech Investment Management LLC’s holdings in AON were worth $16,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farallon Capital Management LLC grew its stake in AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after acquiring an additional 1,243,200 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in AON in the 3rd quarter worth approximately $336,375,000. Veritas Asset Management LLP grew its holdings in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. Bank of New York Mellon Corp boosted its position in AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares during the last quarter. Finally, Stone Point Capital LLC acquired a new stake in shares of AON during the 2nd quarter valued at about $151,808,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AON shares. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Keefe, Bruyette & Woods upped their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. TD Cowen boosted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Piper Sandler increased their price target on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Barclays began coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AON has a consensus rating of “Hold” and an average price target of $359.19.

AON Price Performance

Shares of AON stock opened at $380.08 on Thursday. 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 stock has a market cap of $82.20 billion, a PE ratio of 32.07, a PEG ratio of 2.38 and a beta of 0.91. The firm’s 50 day moving average price is $360.99 and its two-hundred day moving average price is $326.26. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21.

AON Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON’s dividend payout ratio (DPR) is currently 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.