Advisors Asset Management Inc. Sells 429 Shares of Aon plc (NYSE:AON)

Advisors Asset Management Inc. lessened its holdings in Aon plc (NYSE:AON) by 24.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,331 shares of the financial services provider’s stock after selling 429 shares during the quarter. Advisors Asset Management Inc.’s holdings in AON were worth $461,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter valued at approximately $31,000. Diamond Hill Capital Management Inc. acquired a new stake in AON during the 3rd quarter valued at approximately $336,375,000. Vontobel Holding Ltd. increased its position in AON by 150.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares during the period. Cetera Investment Advisers increased its position in AON by 255.5% during the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after purchasing an additional 13,977 shares during the period. Finally, Artemis Investment Management LLP increased its position in AON by 5.0% during the 3rd quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock valued at $33,979,000 after purchasing an additional 4,666 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Barclays raised their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. 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, the company presently has an average rating of “Hold” and a consensus target price of $362.06.

AON Price Performance

Shares of NYSE:AON opened at $393.42 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock’s fifty day simple moving average is $364.94 and its two-hundred day simple moving average is $329.79. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The stock has a market cap of $85.08 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is 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.