Lindbrook Capital LLC Sells 6,699 Shares of Aon plc (NYSE:AON)

Lindbrook Capital LLC cut its position in shares of Aon plc (NYSE:AON - Free Report) by 45.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,114 shares of the financial services provider's stock after selling 6,699 shares during the quarter. Lindbrook Capital LLC's holdings in AON were worth $2,807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Assetmark Inc. increased its stake in shares of AON by 8.1% in the third quarter. Assetmark Inc. now owns 8,044 shares of the financial services provider's stock worth $2,783,000 after acquiring an additional 606 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of AON by 0.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,208 shares of the financial services provider's stock valued at $3,532,000 after buying an additional 96 shares in the last quarter. Markel Group Inc. raised its position in AON by 5.4% during the third quarter. Markel Group Inc. now owns 120,150 shares of the financial services provider's stock valued at $41,571,000 after acquiring an additional 6,200 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of AON during the 3rd quarter worth $640,000. Finally, Portside Wealth Group LLC raised its holdings in shares of AON by 10.8% during the 3rd quarter. Portside Wealth Group LLC now owns 1,782 shares of the financial services provider's stock valued at $617,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AON shares. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Barclays began coverage on shares of AON in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $394.00 price objective for the company. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $359.19.

AON Price Performance

Shares of NYSE AON traded up $3.91 during trading on Friday, reaching $383.78. The company had a trading volume of 776,804 shares, compared to its average volume of 1,174,945. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $83.00 billion, a PE ratio of 32.39, a PEG ratio of 2.39 and a beta of 0.91. The business's 50 day moving average price is $355.63 and its 200-day moving average price is $321.01. 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. 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.