Aon plc (NYSE:AON) Stock Position Lessened by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its stake in Aon plc (NYSE:AON) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,151 shares of the financial services provider’s stock after selling 6,084 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in AON were worth $5,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AON in the 1st quarter worth approximately $1,920,000. Dynasty Wealth Management LLC acquired a new stake in AON in the first quarter worth approximately $546,000. B. Riley Wealth Advisors Inc. boosted its stake in AON by 56.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 583 shares in the last quarter. California State Teachers Retirement System increased its position in shares of AON by 0.3% during the 1st quarter. California State Teachers Retirement System now owns 332,663 shares of the financial services provider’s stock valued at $111,016,000 after purchasing an additional 903 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of AON by 45.1% in the first quarter. Tidal Investments LLC now owns 14,926 shares of the financial services provider’s stock valued at $4,981,000 after buying an additional 4,642 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several research reports. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Evercore ISI raised their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AON presently has an average rating of “Hold” and an average target price of $362.06.

AON Trading Up 1.0 %

Shares of NYSE AON opened at $390.07 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a one year low of $268.06 and a one year high of $390.73. The business has a 50-day moving average price of $363.24 and a two-hundred day moving average price of $328.66. The firm has a market capitalization of $84.36 billion, a PE ratio of 32.92, a PEG ratio of 2.42 and a beta of 0.91.

AON Dividend Announcement

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

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.