Empower Advisory Group LLC Sells 459 Shares of Aon plc (NYSE:AON)

Empower Advisory Group LLC decreased its position in shares of Aon plc (NYSE:AON) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 963 shares of the financial services provider’s stock after selling 459 shares during the period. Empower Advisory Group LLC’s holdings in AON were worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Accredited Investors Inc. increased its position in AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after buying an additional 238,258 shares during the period. Aptus Capital Advisors LLC increased its position in AON by 10.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,034 shares of the financial services provider’s stock worth $358,000 after buying an additional 95 shares during the period. Aigen Investment Management LP increased its position in shares of AON by 186.3% in the third quarter. Aigen Investment Management LP now owns 6,318 shares of the financial services provider’s stock worth $2,186,000 after purchasing an additional 4,111 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of AON by 5.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,574 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 80 shares during the period. Finally, Hemenway Trust Co LLC bought a new position in shares of AON in the third quarter worth $208,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $379.29 on Friday. The stock’s 50 day moving average is $358.50 and its 200 day moving average is $323.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $82.03 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.42 and a beta of 0.91. Aon plc has a one year low of $268.06 and a one year high of $389.21.

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 paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of brokerages recently commented on AON. Evercore ISI raised their price target on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $359.19.

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.