Aon plc (NYSE:AON) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 43.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,786 shares of the financial services provider's stock after selling 3,678 shares during the quarter. Plato Investment Management Ltd's holdings in AON were worth $1,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Y.D. More Investments Ltd bought a new stake in shares of AON during the second quarter valued at approximately $31,000. First Personal Financial Services bought a new stake in shares of AON in the 3rd quarter valued at about $37,000. Eastern Bank bought a new position in AON in the third quarter worth approximately $43,000. Nemes Rush Group LLC purchased a new stake in AON during the second quarter worth $45,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of AON by 52.7% in the 2nd 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 period. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON stock traded up $2.96 on Friday, reaching $379.29. 1,539,793 shares of the company were exchanged, compared to its average volume of 1,179,644. The company has a market cap of $82.03 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.42 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The business has a 50-day moving average price of $358.50 and a 200 day moving average price of $323.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON's dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AON shares. BMO Capital Markets boosted their target price 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Barclays assumed coverage on AON in a report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price objective for the company. 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 research note on Monday, October 28th. Finally, Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $359.19.

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.