Thrivent Financial for Lutherans Sells 1,349 Shares of Aon plc (NYSE:AON)

Thrivent Financial for Lutherans reduced its position in shares of Aon plc (NYSE:AON) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,936 shares of the financial services provider’s stock after selling 1,349 shares during the period. Thrivent Financial for Lutherans’ holdings in AON were worth $3,438,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

AON has been the subject of several research reports. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Piper Sandler lifted their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group upped their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $362.06.

AON Price Performance

AON opened at $390.07 on Tuesday. Aon plc has a 12 month low of $268.06 and a 12 month high of $390.73. The company has a fifty day simple moving average of $363.24 and a 200 day simple moving average of $328.66. The stock has a market cap of $84.36 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.42 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 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.