Atria Investments Inc Lowers Position in Aon plc (NYSE:AON)

Atria Investments Inc trimmed its stake in shares of Aon plc (NYSE:AON) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,745 shares of the financial services provider’s stock after selling 237 shares during the period. Atria Investments Inc’s holdings in AON were worth $1,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AON. Farallon Capital Management LLC grew its stake in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after buying an additional 1,243,200 shares in the last quarter. Veritas Asset Management LLP grew its position in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. Meritage Group LP bought a new stake in AON during the first quarter worth approximately $258,471,000. Bank of New York Mellon Corp lifted its stake in shares of AON by 37.8% in the 2nd 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 purchased a new position in shares of AON in the 2nd quarter worth approximately $151,808,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AON has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler upped their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $359.19.

AON Stock Down 2.7 %

AON stock opened at $376.34 on Friday. The stock has a market capitalization of $81.39 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The company has a fifty day moving average of $357.95 and a 200-day moving average of $322.84. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a one year low of $268.06 and a one year high of $389.21.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. AON’s dividend payout ratio (DPR) is presently 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.