Aon plc (NYSE:AON) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,550 shares of the financial services provider's stock after selling 4,406 shares during the quarter. Janney Montgomery Scott LLC's holdings in AON were worth $3,996,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AON. Empowered Funds LLC raised its stake in AON by 17.4% in the 1st quarter. Empowered Funds LLC now owns 2,915 shares of the financial services provider's stock valued at $973,000 after purchasing an additional 432 shares during the last quarter. NorthRock Partners LLC raised its position in shares of AON by 19.3% in the first quarter. NorthRock Partners LLC now owns 1,540 shares of the financial services provider's stock valued at $514,000 after buying an additional 249 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in AON during the first quarter worth approximately $210,000. Headlands Technologies LLC grew its stake in AON by 676.9% in the 1st quarter. Headlands Technologies LLC now owns 1,849 shares of the financial services provider's stock worth $617,000 after acquiring an additional 1,611 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider's stock valued at $243,000 after acquiring an additional 38 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AON shares. Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research report on Monday, August 26th. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Piper Sandler boosted their target price 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 increased their price target 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. Finally, TD Cowen boosted their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $359.19.

AON Stock Down 0.1 %

Shares of AON traded down $0.40 during midday trading on Monday, hitting $383.38. The company had a trading volume of 722,226 shares, compared to its average volume of 1,174,397. The stock has a market cap of $82.91 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.41 and a beta of 0.91. The company's 50 day moving average price is $355.63 and its 200 day moving average price is $321.16. 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 52 week low of $268.06 and a 52 week high of $389.21.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON's payout ratio is currently 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.