OneDigital Investment Advisors LLC Cuts Holdings in Aon plc (NYSE:AON)

OneDigital Investment Advisors LLC trimmed its stake in shares of Aon plc (NYSE:AON - Free Report) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,790 shares of the financial services provider's stock after selling 2,143 shares during the quarter. OneDigital Investment Advisors LLC's holdings in AON were worth $3,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AON. CVA Family Office LLC increased its position in AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock valued at $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC raised its stake in AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock worth $460,000 after buying an additional 31 shares during the last quarter. waypoint wealth counsel lifted its holdings in AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock valued at $321,000 after buying an additional 32 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in shares of AON by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,552 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 34 shares during the period. Finally, Trust Co. of Vermont increased its holdings in AON by 8.7% in the third quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider's stock worth $152,000 after purchasing an additional 35 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $359.19.

AON Price Performance

Shares of AON stock traded up $2.96 during trading hours on Friday, reaching $379.29. The stock had a trading volume of 1,790,388 shares, compared to its average volume of 1,121,539. The stock's fifty day simple moving average is $359.12 and its 200 day simple moving average is $323.90. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $82.03 billion, a PE ratio of 32.01, a PEG ratio of 2.36 and a beta of 0.91. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, November 1st. AON's payout ratio is 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.