Sargent Investment Group LLC Cuts Position in Aon plc (NYSE:AON)

Sargent Investment Group LLC cut its stake in Aon plc (NYSE:AON) by 22.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117 shares of the financial services provider’s stock after selling 327 shares during the period. Sargent Investment Group LLC’s holdings in AON were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of AON by 17.4% during the 1st quarter. Empowered Funds LLC now owns 2,915 shares of the financial services provider’s stock valued at $973,000 after acquiring an additional 432 shares during the period. Avantax Advisory Services Inc. lifted its holdings in AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after buying an additional 38 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of AON by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,004 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 51 shares during the last quarter. Motco grew its position in shares of AON by 511,033.3% during the 1st quarter. Motco now owns 30,668 shares of the financial services provider’s stock valued at $10,235,000 after buying an additional 30,662 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of AON by 54.7% during the 1st quarter. Intech Investment Management LLC now owns 102,873 shares of the financial services provider’s stock valued at $34,331,000 after buying an additional 36,387 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Finally, Evercore ISI increased their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average price target of $359.19.

AON Stock Down 2.2 %

Shares of NYSE AON traded down $8.53 during mid-day trading on Thursday, reaching $378.39. 590,629 shares of the company were exchanged, compared to its average volume of 1,173,228. The firm has a 50-day moving average of $357.95 and a 200 day moving average of $322.84. 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 1 year low of $268.06 and a 1 year high of $389.21. The stock has a market cap of $81.83 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.40 and a beta of 0.91.

AON Announces Dividend

The business also recently announced 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 0.71%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is 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.