Summit Trail Advisors LLC Cuts Stake in Aon plc (NYSE:AON)

Summit Trail Advisors LLC decreased its stake in shares of Aon plc (NYSE:AON) by 35.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,258 shares of the financial services provider’s stock after selling 78,873 shares during the quarter. AON comprises about 1.3% of Summit Trail Advisors LLC’s portfolio, making the stock its 15th largest holding. Summit Trail Advisors LLC’s holdings in AON were worth $50,604,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Borer Denton & Associates Inc. grew its holdings in AON by 1.3% during the 3rd quarter. Borer Denton & Associates Inc. now owns 33,238 shares of the financial services provider’s stock valued at $11,500,000 after buying an additional 431 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of AON by 5.8% in the third quarter. Larson Financial Group LLC now owns 5,710 shares of the financial services provider’s stock valued at $1,976,000 after purchasing an additional 311 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its stake in AON by 9.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 6,240 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 540 shares in the last quarter. Cerity Partners LLC lifted its position in AON by 56.6% during the third quarter. Cerity Partners LLC now owns 36,994 shares of the financial services provider’s stock valued at $12,799,000 after purchasing an additional 13,373 shares during the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of AON in the 3rd quarter worth $288,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group increased 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. Piper Sandler lifted their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday. 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 note on Tuesday, October 29th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $362.06.

AON Stock Performance

Shares of NYSE:AON opened at $386.21 on Friday. The firm’s 50 day simple moving average is $362.45 and its 200-day simple moving average is $327.63. 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 plc has a one year low of $268.06 and a one year high of $389.21. The firm has a market cap of $83.53 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.70%. 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.