Sentry Investment Management LLC Has $743,000 Stake in Aon plc (NYSE:AON)

Sentry Investment Management LLC boosted its holdings in Aon plc (NYSE:AON) by 5.2% during the third quarter, Holdings Channel reports. The fund owned 2,148 shares of the financial services provider’s stock after purchasing an additional 106 shares during the period. Sentry Investment Management LLC’s holdings in AON were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Farallon Capital Management LLC boosted its holdings in shares of AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after buying an additional 1,243,200 shares during the period. Veritas Asset Management LLP grew its position in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Meritage Group LP bought a new stake in AON in the 1st quarter valued at $258,471,000. Bank of New York Mellon Corp grew its holdings in AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after buying an additional 548,563 shares in the last quarter. Finally, Stone Point Capital LLC acquired a new stake in shares of AON during the second quarter worth $151,808,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.3 %

Shares of NYSE AON opened at $365.64 on Tuesday. The stock has a market cap of $79.08 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. The firm has a 50 day moving average price of $352.71 and a two-hundred day moving average price of $319.24. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid 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 0.74%. AON’s payout ratio is 22.78%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company raised 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 report on Monday, October 28th. JPMorgan Chase & Co. upped their price target on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Evercore ISI boosted their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler raised their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $359.19.

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.