Amalgamated Bank Reduces Holdings in Aon plc (NYSE:AON)

Amalgamated Bank lessened its stake in shares of Aon plc (NYSE:AON) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,837 shares of the financial services provider’s stock after selling 835 shares during the period. Amalgamated Bank’s holdings in AON were worth $14,475,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AON. Y.D. More Investments Ltd purchased a new stake in AON in the 2nd quarter worth $31,000. Vanguard Group Inc. lifted its holdings in AON by 0.4% in 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 purchasing an additional 64,500 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares during the period. Edgestream Partners L.P. bought a new stake in shares of AON during the first quarter valued at approximately $906,000. Finally, Cetera Investment Advisers lifted its holdings in shares of AON by 255.5% in the first quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock worth $6,490,000 after buying an additional 13,977 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 0.8 %

AON stock opened at $368.70 on Wednesday. The business’s 50-day simple moving average is $353.27 and its two-hundred day simple moving average is $319.66. 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 company has a market cap of $79.74 billion, a PE ratio of 31.11, a PEG ratio of 2.29 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 1st. AON’s payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AON shares. BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday. Bank of America boosted their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. TD Cowen upped their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. One equities 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 company. According to data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average target price of $359.19.

About AON

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.