Aon plc $AON Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its holdings in Aon plc (NYSE:AON) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,159 shares of the financial services provider’s stock after selling 2,682 shares during the quarter. Wealthfront Advisers LLC’s holdings in AON were worth $4,338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in AON by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after acquiring an additional 258,699 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of AON by 18.3% during the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after purchasing an additional 469,238 shares during the period. Polen Capital Management LLC grew its position in AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after buying an additional 2,288,397 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in AON by 2.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock worth $954,053,000 after buying an additional 61,350 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of AON by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after acquiring an additional 131,676 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AON shares. Wolfe Research began coverage on shares of AON in a report on Monday, September 15th. They set a “peer perform” rating for the company. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and upped their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, AON presently has a consensus rating of “Moderate Buy” and an average price target of $420.00.

AON Stock Down 2.0%

AON stock opened at $330.16 on Wednesday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm has a market capitalization of $71.19 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The stock’s fifty day moving average is $359.26 and its two-hundred day moving average is $359.58. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is presently 24.96%.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.