Crestwood Advisors Group LLC Increases Stock Holdings in Aon plc (NYSE:AON)

Crestwood Advisors Group LLC grew its stake in Aon plc (NYSE:AON - Free Report) by 915.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,738 shares of the financial services provider's stock after buying an additional 8,779 shares during the quarter. Crestwood Advisors Group LLC's holdings in AON were worth $3,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter worth about $31,000. Eastern Bank purchased a new stake in shares of AON during the third quarter worth about $43,000. Nemes Rush Group LLC bought a new position in AON during the second quarter valued at approximately $45,000. Bruce G. Allen Investments LLC boosted its stake in AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider's stock valued at $49,000 after buying an additional 58 shares during the last quarter. Finally, LRI Investments LLC bought a new position in AON during the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Up 3.4 %

Shares of NYSE:AON traded up $12.48 on Wednesday, reaching $381.18. The company had a trading volume of 1,677,240 shares, compared to its average volume of 1,177,235. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The firm's 50 day simple moving average is $354.11 and its 200-day simple moving average is $320.09. The firm has a market capitalization of $82.44 billion, a PE ratio of 32.17, a PEG ratio of 2.29 and a beta of 0.91. 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 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 paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON's dividend payout ratio (DPR) is 22.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AON shares. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research note on Monday, August 26th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on AON from $353.00 to $379.00 and gave the company an "overweight" rating in a research note on Thursday, July 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Finally, Barclays initiated coverage on AON in a research note on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.