Strategy Asset Managers LLC Sells 5,234 Shares of Aon plc (NYSE:AON)

Strategy Asset Managers LLC decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 21.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,147 shares of the financial services provider's stock after selling 5,234 shares during the quarter. AON makes up 1.3% of Strategy Asset Managers LLC's holdings, making the stock its 26th biggest position. Strategy Asset Managers LLC's holdings in AON were worth $6,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AON. Massachusetts Financial Services Co. MA boosted its stake in shares of AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock valued at $3,685,183,000 after buying an additional 309,702 shares during the period. Mawer Investment Management Ltd. raised its position in AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock valued at $1,293,449,000 after purchasing an additional 52,099 shares in the last quarter. Veritas Asset Management LLP grew its position in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Independent Franchise Partners LLP increased its position in AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider's stock worth $707,390,000 after purchasing an additional 49,161 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock valued at $587,445,000 after purchasing an additional 548,563 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. Bank of America boosted 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. BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. Evercore ISI increased their price objective on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $359.19.

AON Stock Performance

Shares of NYSE AON traded down $1.64 during trading on Wednesday, reaching $377.51. 238,391 shares of the stock traded hands, compared to its average volume of 1,172,526. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $81.64 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a 50-day moving average of $360.28 and a 200-day moving average of $325.88.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. 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.