Planning Capital Management Corp Sells 29 Shares of Aon plc (NYSE:AON)

Planning Capital Management Corp cut its stake in shares of Aon plc (NYSE:AON) by 27.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75 shares of the financial services provider’s stock after selling 29 shares during the quarter. Planning Capital Management Corp’s holdings in AON were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter valued at $31,000. First Personal Financial Services purchased a new stake in shares of AON during the third quarter valued at $37,000. Eastern Bank purchased a new stake in shares of AON during the third quarter valued at $43,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC boosted its position in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets raised their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Bank of America lifted their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $315.00 to $377.00 in a research report on Monday, October 28th. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $359.19.

AON Stock Performance

Shares of AON stock opened at $376.34 on Friday. The company has a market capitalization of $81.39 billion, a P/E ratio of 31.76, a P/E/G ratio of 2.42 and a beta of 0.91. The business’s 50 day moving average is $357.95 and its two-hundred day moving average is $322.84. The company has a current ratio of 2.05, a quick 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.

AON Dividend Announcement

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 given a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. AON’s dividend payout ratio (DPR) is presently 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.