CWA Asset Management Group LLC Invests $640,000 in Aon plc (NYSE:AON)

CWA Asset Management Group LLC purchased a new stake in Aon plc (NYSE:AON - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,850 shares of the financial services provider's stock, valued at approximately $640,000.

A number of other institutional investors also recently modified their holdings of AON. CVA Family Office LLC boosted its holdings in AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock worth $129,000 after buying an additional 29 shares during the period. Amplius Wealth Advisors LLC boosted its stake in shares of AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock worth $460,000 after acquiring an additional 31 shares during the last quarter. waypoint wealth counsel boosted its stake in shares of AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock worth $321,000 after acquiring an additional 32 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in shares of AON by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,552 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 34 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in AON by 8.7% in the 3rd quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider's stock worth $152,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Up 0.1 %

Shares of AON traded up $0.28 during mid-day trading on Tuesday, reaching $383.66. The company's stock had a trading volume of 1,577,428 shares, compared to its average volume of 1,176,238. 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 $82.97 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The business has a fifty day moving average of $356.43 and a 200 day moving average of $321.70. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued 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 0.70%. AON's dividend payout ratio (DPR) is currently 22.78%.

Analyst Ratings Changes

AON has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a "hold" rating in a report on Monday, August 26th. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. TD Cowen increased their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Jefferies Financial Group raised their price objective on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. One research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.