Swiss National Bank Sells 6,900 Shares of Aon plc (NYSE:AON)

Swiss National Bank lowered its position in shares of Aon plc (NYSE:AON) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580,900 shares of the financial services provider’s stock after selling 6,900 shares during the quarter. Swiss National Bank’s holdings in AON were worth $200,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Y.D. More Investments Ltd bought a new position in AON during the second quarter worth about $31,000. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter valued at about $37,000. Eastern Bank acquired a new position in shares of AON in the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC acquired a new stake in AON during the 2nd quarter worth approximately $45,000. Finally, LRI Investments LLC bought a new position in AON in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.8 %

AON stock opened at $379.29 on Monday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The firm has a market capitalization of $82.03 billion, a PE ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 0.91. The company’s 50-day moving average is $359.12 and its 200-day moving average is $324.47. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given 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 0.71%. AON’s payout ratio is 22.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AON shares. Barclays initiated coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Evercore ISI boosted their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Piper Sandler increased their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company raised 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 report on Monday, October 28th. Finally, BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $359.19.

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.