Aon plc (NYSE:AON) Stock Position Lowered by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its holdings in shares of Aon plc (NYSE:AON) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,575 shares of the financial services provider’s stock after selling 165 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in AON were worth $8,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Farallon Capital Management LLC grew its stake in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after purchasing an additional 1,243,200 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in AON in the 3rd quarter worth $336,375,000. Veritas Asset Management LLP increased its stake in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after buying an additional 548,563 shares during the last quarter. Finally, Stone Point Capital LLC acquired a new stake in AON in the 2nd quarter worth $151,808,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AON shares. TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $359.19.

AON Stock Up 0.2 %

Shares of AON stock opened at $380.08 on Thursday. The firm has a market cap of $82.20 billion, a PE ratio of 32.07, a P/E/G ratio of 2.38 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The business’s 50 day simple moving average is $360.99 and its 200 day simple moving average is $326.26. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a yield of 0.71%. AON’s payout ratio is currently 22.78%.

AON Company 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.