Aon plc (NYSE:AON) Shares Acquired by Accredited Investors Inc.

Accredited Investors Inc. grew its stake in shares of Aon plc (NYSE:AON - Free Report) by 5,694.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,442 shares of the financial services provider's stock after purchasing an additional 238,258 shares during the quarter. AON makes up approximately 2.1% of Accredited Investors Inc.'s investment portfolio, making the stock its 10th largest position. Accredited Investors Inc. owned approximately 0.11% of AON worth $83,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AON. Aptus Capital Advisors LLC raised its holdings in AON by 10.1% in the third quarter. Aptus Capital Advisors LLC now owns 1,034 shares of the financial services provider's stock worth $358,000 after purchasing an additional 95 shares in the last quarter. Aigen Investment Management LP raised its holdings in AON by 186.3% in the third quarter. Aigen Investment Management LP now owns 6,318 shares of the financial services provider's stock worth $2,186,000 after purchasing an additional 4,111 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in AON by 5.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,574 shares of the financial services provider's stock worth $545,000 after purchasing an additional 80 shares in the last quarter. Hemenway Trust Co LLC bought a new position in AON in the third quarter worth about $208,000. Finally, Verus Capital Partners LLC bought a new position in AON in the third quarter worth about $220,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

Shares of NYSE:AON traded up $0.40 during midday trading on Tuesday, reaching $383.78. 1,791,128 shares of the company's stock traded hands, compared to its average volume of 1,177,211. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The company has a market cap of $83.00 billion, a P/E ratio of 32.35, a PEG ratio of 2.41 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a fifty day simple moving average of $356.43 and a two-hundred day simple moving average of $321.70.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, November 1st. AON's dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of equities analysts have commented on AON shares. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Bank of America upped 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. Barclays assumed coverage on shares of AON in a report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price objective on the stock. Evercore ISI upped their target price on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $315.00 to $377.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $359.19.

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.