Gladius Capital Management LP Sells 97 Shares of Aon plc (NYSE:AON)

Gladius Capital Management LP cut its holdings in Aon plc (NYSE:AON) by 9.0% during the third quarter, Holdings Channel reports. The firm owned 981 shares of the financial services provider’s stock after selling 97 shares during the quarter. AON makes up 0.0% of Gladius Capital Management LP’s portfolio, making the stock its 25th biggest holding. Gladius Capital Management LP’s holdings in AON were worth $339,000 at the end of the most recent reporting period.

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

AON Stock Performance

AON stock opened at $379.29 on Friday. The firm has a market cap of $82.03 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.38 and a beta of 0.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The business’s fifty day simple moving average is $359.12 and its two-hundred day simple moving average is $324.19.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America raised their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Piper Sandler boosted their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price target on shares of AON in a research note on Monday, August 5th. BMO Capital Markets boosted 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, Deutsche Bank Aktiengesellschaft upped their target price 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AON currently has an average rating of “Hold” and a consensus price target of $359.19.

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.