Glenmede Trust Co. NA Increases Stock Holdings in Aon plc (NYSE:AON)

Glenmede Trust Co. NA raised its stake in shares of Aon plc (NYSE:AON - Free Report) by 10.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,386 shares of the financial services provider's stock after buying an additional 3,205 shares during the quarter. Glenmede Trust Co. NA's holdings in AON were worth $11,551,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AON. Y.D. More Investments Ltd purchased a new position in shares of AON during the second quarter worth about $31,000. First Personal Financial Services purchased a new position in shares of AON during the third quarter worth about $37,000. Eastern Bank purchased a new position in shares of AON during the third quarter worth about $43,000. Nemes Rush Group LLC bought a new stake in AON in the 2nd quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC lifted its position in AON by 52.7% in 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. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

AON has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $315.00 to $377.00 in a research report on Monday, October 28th. 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. Based on data from MarketBeat.com, AON currently has an average rating of "Hold" and a consensus target price of $362.06.

AON Stock Performance

Shares of NYSE:AON traded down $1.77 during midday trading on Friday, reaching $391.54. 463,005 shares of the company's stock traded hands, compared to its average volume of 1,022,800. The company has a market cap of $84.68 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 2.46 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. Aon plc has a one year low of $268.06 and a one year high of $395.33. The stock has a 50 day moving average of $366.76 and a 200 day moving average of $331.25.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio is 22.78%.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company's stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.