Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Aon plc (NYSE:AON - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,515 shares of the financial services provider's stock, valued at approximately $4,676,000.
A number of other institutional investors have also recently bought and sold shares of AON. Y.D. More Investments Ltd purchased a new stake in AON in the 2nd quarter worth approximately $31,000. First Personal Financial Services acquired a new stake in AON during the third quarter valued at $37,000. Eastern Bank purchased a new position in AON in the third quarter valued at about $43,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the 2nd quarter worth about $45,000. Finally, Bruce G. Allen Investments LLC lifted its holdings 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 valued at $49,000 after buying an additional 58 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
AON Stock Performance
Shares of NYSE:AON traded down $1.77 during trading on Friday, hitting $391.54. 463,005 shares of the stock were exchanged, compared to its average volume of 1,022,800. The company's fifty day simple moving average is $366.76 and its 200-day simple moving average is $330.95. 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 market capitalization of $84.68 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33.
AON Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio is 22.78%.
Insider Transactions at AON
In other AON news, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several 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 research report on Monday, November 4th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. TD Cowen upped their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Finally, Bank of America increased their price target on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AON presently has an average rating of "Hold" and a consensus target price of $362.06.
Read Our Latest Stock Report on AON
AON Profile
(
Free Report)
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.
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