Aon plc (NYSE:AON) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC decreased its position in Aon plc (NYSE:AON - Free Report) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,799 shares of the financial services provider's stock after selling 32,572 shares during the period. Ceredex Value Advisors LLC owned approximately 0.07% of AON worth $51,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in AON in the second quarter valued at approximately $31,000. Eastern Bank purchased a new stake in shares of AON in the 3rd quarter valued at $43,000. Nemes Rush Group LLC acquired a new stake in shares of AON in the second quarter worth $45,000. LRI Investments LLC purchased a new position in shares of AON during the first quarter worth $55,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in 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 purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

AON has been the subject of a number of recent research reports. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Evercore ISI raised their price target on shares of AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $355.75.

AON Price Performance

Shares of AON stock traded down $1.77 during mid-day trading on Friday, reaching $364.42. 734,473 shares of the stock traded hands, compared to its average volume of 1,008,593. The company has a quick ratio of 2.42, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The business has a 50-day moving average of $352.15 and a 200 day moving average of $318.74. The stock has a market capitalization of $78.81 billion, a PE ratio of 30.75, a PEG ratio of 2.31 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21.

AON Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.74%. 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.