Freedom Investment Management Inc. Sells 336 Shares of Aon plc (NYSE:AON)

Freedom Investment Management Inc. cut its stake in Aon plc (NYSE:AON) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,488 shares of the financial services provider’s stock after selling 336 shares during the period. Freedom Investment Management Inc.’s holdings in AON were worth $1,207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Valley Wealth Managers Inc. boosted its holdings in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares during the period. CVA Family Office LLC boosted its holdings in AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC boosted its holdings in AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC boosted its holdings in AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares during the period. Finally, waypoint wealth counsel lifted its holdings in shares of AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 32 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Trading Up 0.8 %

AON opened at $393.42 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $85.08 billion, a PE ratio of 33.20, a PEG ratio of 2.44 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The firm has a 50-day moving average price of $364.94 and a two-hundred day moving average price of $329.79.

AON Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is presently 22.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $362.06.

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.