Aon plc (NYSE:AON) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP boosted its position in shares of Aon plc (NYSE:AON - Free Report) by 186.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,318 shares of the financial services provider's stock after acquiring an additional 4,111 shares during the quarter. Aigen Investment Management LP's holdings in AON were worth $2,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake 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 valued at approximately $37,000. Eastern Bank bought a new stake in AON during the third quarter worth approximately $43,000. Nemes Rush Group LLC purchased a new stake in shares of AON in the 2nd quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC increased its stake 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 purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, Jefferies Financial Group boosted their price target on shares of AON from $344.00 to $365.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $359.19.

AON Trading Up 0.1 %

AON traded up $0.40 during trading hours 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. 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 firm has a market capitalization of $83.00 billion, a PE ratio of 32.35, a PEG ratio of 2.41 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The firm has a 50-day moving average price of $356.43 and a 200 day moving average price of $321.70.

AON Dividend Announcement

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