Equitable Trust Co. Has $3.70 Million Stake in Aon plc (NYSE:AON)

Equitable Trust Co. cut its position in Aon plc (NYSE:AON) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,684 shares of the financial services provider’s stock after selling 173 shares during the period. Equitable Trust Co.’s holdings in AON were worth $3,697,000 at the end of the most recent quarter.

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

AON Stock Performance

Shares of AON stock opened at $383.72 on Friday. The company has a market cap of $82.99 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21. The business has a 50 day moving average price of $355.63 and a 200-day moving average price of $321.01.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AON shares. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. Keefe, Bruyette & Woods upped 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. Piper Sandler lifted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Finally, Barclays began coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $359.19.

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.