Ceredex Value Advisors LLC Sells 32,572 Shares of Aon plc (NYSE:AON)

Ceredex Value Advisors LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 18.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,799 shares of the financial services provider’s stock after selling 32,572 shares during the period. Ceredex Value Advisors LLC owned about 0.07% of AON worth $51,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in shares of AON during the 2nd quarter valued at approximately $31,000. Norden Group LLC purchased a new stake in AON in the first quarter worth $2,044,000. Daiwa Securities Group Inc. raised its stake in shares of AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares during the period. Vanguard Group Inc. grew its stake in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after acquiring an additional 64,500 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after acquiring an additional 57,847 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AON has been the subject of a number of research reports. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $355.75.

AON Trading Down 0.5 %

NYSE AON opened at $364.42 on Friday. 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 firm has a market capitalization of $78.81 billion, a PE ratio of 30.75, a P/E/G ratio of 2.31 and a beta of 0.91. The stock’s 50 day moving average is $352.15 and its 200 day moving average is $318.64. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 yield of 0.74%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is currently 22.78%.

About AON

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.