Amalgamated Bank Boosts Stock Position in Aon plc $AON

Amalgamated Bank boosted its holdings in Aon plc (NYSE:AON) by 10.8% during the second quarter, Holdings Channel reports. The institutional investor owned 47,798 shares of the financial services provider’s stock after buying an additional 4,643 shares during the period. Amalgamated Bank’s holdings in AON were worth $17,052,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its stake in AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after buying an additional 1,544 shares during the last quarter. Ninety One North America Inc. boosted its stake in AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after buying an additional 2,932 shares during the last quarter. Peak Financial Advisors LLC acquired a new stake in AON in the 2nd quarter worth about $2,464,000. First National Bank & Trust Co. of Newtown acquired a new stake in AON in the 1st quarter worth about $399,000. Finally, Nordea Investment Management AB boosted its stake in AON by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after buying an additional 1,061 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

Shares of NYSE:AON opened at $328.25 on Friday. The company has a market cap of $70.78 billion, a P/E ratio of 27.49, a PEG ratio of 1.92 and a beta of 0.89. 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 plc has a one year low of $323.73 and a one year high of $412.97. The business’s 50-day simple moving average is $357.37 and its 200 day simple moving average is $359.02.

AON Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on AON. Evercore ISI lifted their price objective on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. JPMorgan Chase & Co. reduced their price objective on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Finally, TD Cowen reduced their price objective on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

AON Company 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.