Envestnet Asset Management Inc. Has $152.87 Million Holdings in Aon plc $AON

Envestnet Asset Management Inc. decreased its holdings in Aon plc (NYSE:AON) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 428,491 shares of the financial services provider’s stock after selling 32,669 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of AON worth $152,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of AON by 41.7% in the first quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock valued at $762,000 after buying an additional 562 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AON by 16.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,454 shares of the financial services provider’s stock valued at $10,158,000 after acquiring an additional 3,678 shares during the period. KBC Group NV grew its holdings in shares of AON by 4.9% during the 1st quarter. KBC Group NV now owns 33,026 shares of the financial services provider’s stock worth $13,180,000 after purchasing an additional 1,553 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in AON by 4.1% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,227 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 48 shares in the last quarter. Finally, Alta Advisers Ltd lifted its position in AON by 42.3% during the first quarter. Alta Advisers Ltd now owns 1,010 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $330.16 on Wednesday. The stock has a 50-day moving average price of $359.26 and a two-hundred day moving average price of $359.58. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a market capitalization of $71.19 billion, a PE ratio of 27.65, a P/E/G ratio of 1.98 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 24.96%.

Analyst Ratings Changes

Several equities analysts have commented on AON shares. Piper Sandler raised their target price on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and boosted their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. TD Cowen reduced their target price on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. decreased their price target on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note 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 research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

About AON

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.