GM Advisory Group LLC Sells 12,291 Shares of Aon plc (NYSE:AON)

GM Advisory Group LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 11.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 91,844 shares of the financial services provider’s stock after selling 12,291 shares during the quarter. AON comprises approximately 1.9% of GM Advisory Group LLC’s portfolio, making the stock its 14th biggest holding. GM Advisory Group LLC’s holdings in AON were worth $31,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new stake in AON during the 1st quarter worth approximately $675,000. Quadrature Capital Ltd bought a new position in AON in the 1st quarter worth $1,681,000. LRI Investments LLC purchased a new stake in AON in the 1st quarter worth $55,000. BOKF NA raised its holdings in AON by 2.7% during the first quarter. BOKF NA now owns 5,508 shares of the financial services provider’s stock valued at $1,815,000 after acquiring an additional 147 shares during the period. Finally, Zurich Insurance Group Ltd FI boosted its stake in AON by 167.9% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 219,237 shares of the financial services provider’s stock worth $73,164,000 after purchasing an additional 137,405 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $383.04 on Friday. The stock has a 50 day moving average price of $361.69 and a 200 day moving average price of $326.65. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. 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 firm has a market capitalization of $82.84 billion, a P/E ratio of 32.32, a P/E/G ratio of 2.38 and a beta of 0.91.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is presently 22.78%.

Analyst Ratings Changes

AON has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Evercore ISI upped their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and an average target price of $362.06.

AON 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.