GM Advisory Group LLC Sells 12,291 Shares of Aon plc (NYSE:AON)

GM Advisory Group LLC trimmed its position in shares of Aon plc (NYSE:AON) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,844 shares of the financial services provider’s stock after selling 12,291 shares during the period. AON comprises 1.9% of GM Advisory Group LLC’s portfolio, making the stock its 14th largest position. GM Advisory Group LLC’s holdings in AON were worth $31,777,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter worth $31,000. First Personal Financial Services bought a new position in AON in the third quarter worth about $37,000. Eastern Bank bought a new stake in AON during the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC purchased a new position in shares of AON during the 2nd quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AON has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Jefferies Financial Group lifted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Evercore ISI lifted their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $315.00 to $377.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $362.06.

AON Price Performance

Shares of NYSE:AON opened at $383.04 on Friday. The business has a 50-day simple moving average of $361.69 and a two-hundred day simple moving average of $326.65. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $82.84 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) 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.