Cynosure Group LLC Sells 99 Shares of Aon plc (NYSE:AON)

Cynosure Group LLC reduced its stake in Aon plc (NYSE:AON) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,136 shares of the financial services provider’s stock after selling 99 shares during the quarter. Cynosure Group LLC’s holdings in AON were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. bought a new stake in AON in the 1st quarter valued at $1,920,000. B. Riley Wealth Advisors Inc. boosted its position in shares of AON by 56.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 583 shares during the period. Hancock Whitney Corp grew its stake in shares of AON by 7.6% in the first quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 66 shares in the last quarter. LRI Investments LLC bought a new position in AON during the first quarter worth about $125,000. Finally, Swedbank AB acquired a new stake in AON in the 1st quarter worth about $34,788,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AON has been the topic of several recent research reports. TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $362.06.

AON Stock Performance

Shares of AON stock opened at $393.42 on Thursday. The stock has a fifty day moving average of $364.94 and a 200 day moving average of $329.79. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $85.08 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.44 and a beta of 0.91.

AON Dividend Announcement

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 $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio (DPR) is 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.