Fortis Capital Management LLC Has $4.69 Million Stake in Aon plc (NYSE:AON)

Fortis Capital Management LLC trimmed its position in Aon plc (NYSE:AON - Free Report) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,547 shares of the financial services provider's stock after selling 1,503 shares during the period. Fortis Capital Management LLC's holdings in AON were worth $4,687,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new stake in shares of AON in the second quarter valued at about $31,000. First Personal Financial Services acquired a new stake in shares of AON in the third quarter valued at about $37,000. Eastern Bank acquired a new stake in shares of AON in the third quarter valued at about $43,000. Nemes Rush Group LLC acquired a new stake in shares of AON in the second quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 58 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AON has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research report on Monday, August 26th. Piper Sandler lifted their target price on AON from $312.00 to $335.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Evercore ISI boosted their price target on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Finally, Barclays started coverage on AON in a research report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $359.19.

AON Price Performance

Shares of NYSE:AON traded down $10.58 during trading on Thursday, hitting $376.34. 1,372,371 shares of the company were exchanged, compared to its average volume of 1,176,880. The business's 50 day moving average is $357.95 and its 200-day moving average is $322.84. The company has a market capitalization of $81.39 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. AON's dividend payout ratio (DPR) is presently 22.78%.

AON Company 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.