Thrivent Financial for Lutherans Has $3.44 Million Stock Position in Aon plc (NYSE:AON)

Thrivent Financial for Lutherans cut its stake in shares of Aon plc (NYSE:AON) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in AON during the 2nd quarter worth $31,000. First Personal Financial Services bought a new position in shares of AON in the third quarter worth $37,000. Eastern Bank acquired a new position in AON in the third quarter valued at about $43,000. Nemes Rush Group LLC acquired a new stake in shares of AON during the 2nd quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $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.

AON Stock Up 1.0 %

Shares of NYSE AON opened at $390.07 on Tuesday. The firm’s fifty day moving average is $363.24 and its 200 day moving average is $328.66. Aon plc has a 52 week low of $268.06 and a 52 week high of $390.73. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market cap of $84.36 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.42 and a beta of 0.91.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio (DPR) is 22.78%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AON. Evercore ISI raised their target price on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. Barclays lifted 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. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $362.06.

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.