HM Payson & Co. Sells 28,744 Shares of Aon plc (NYSE:AON)

HM Payson & Co. lessened its stake in Aon plc (NYSE:AON) by 18.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,396 shares of the financial services provider’s stock after selling 28,744 shares during the quarter. HM Payson & Co. owned about 0.06% of AON worth $44,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in AON in the second quarter valued at approximately $31,000. Norden Group LLC bought a new stake in shares of AON in the first quarter valued at approximately $2,044,000. Daiwa Securities Group Inc. grew its holdings in shares of AON by 14.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock worth $7,056,000 after purchasing an additional 2,624 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after acquiring an additional 64,500 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of AON by 150.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after acquiring an additional 57,847 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. Finally, Wells Fargo & Company upgraded 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 research report on Monday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $355.75.

AON Trading Down 0.2 %

Shares of NYSE AON traded down $0.80 during trading on Thursday, reaching $368.67. The company had a trading volume of 27,232 shares, compared to its average volume of 1,175,082. The stock has a market cap of $80.09 billion, a P/E ratio of 31.18, a PEG ratio of 2.43 and a beta of 0.92. The company has a quick ratio of 2.42, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The company’s fifty day moving average price is $351.06 and its 200-day moving average price is $317.89.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s payout ratio 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.