MetLife Investment Management LLC Sells 1,494 Shares of Aon plc (NYSE:AON)

MetLife Investment Management LLC cut its position in shares of Aon plc (NYSE:AON) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,124 shares of the financial services provider’s stock after selling 1,494 shares during the period. MetLife Investment Management LLC’s holdings in AON were worth $19,418,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in AON in the second quarter worth approximately $31,000. First Personal Financial Services purchased a new stake in shares of AON in the 3rd quarter worth $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON during the 3rd quarter worth $42,000. Eastern Bank purchased a new position in shares of AON during the third quarter valued at $43,000. Finally, Nemes Rush Group LLC bought a new stake in shares of AON in the second quarter valued at about $45,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.8 %

AON stock opened at $393.42 on Thursday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a market cap of $85.08 billion, a PE ratio of 33.20, a PEG ratio of 2.44 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The business’s 50-day simple moving average is $364.94 and its two-hundred day simple moving average is $329.79.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON’s payout ratio is currently 22.78%.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Barclays increased their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $362.06.

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.