Kraft Davis & Associates LLC increased its holdings in Aon plc (NYSE:AON - Free Report) by 838.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,336 shares of the financial services provider's stock after acquiring an additional 8,341 shares during the quarter. AON comprises about 1.0% of Kraft Davis & Associates LLC's investment portfolio, making the stock its 28th biggest holding. Kraft Davis & Associates LLC's holdings in AON were worth $3,463,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Y.D. More Investments Ltd bought a new position in shares of AON in the second quarter worth approximately $31,000. First Personal Financial Services purchased a new stake in AON during the 3rd quarter valued at $37,000. Eastern Bank bought a new stake in shares of AON in the 3rd quarter worth $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the second quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of 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. 86.14% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of 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 report on Monday, October 28th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their target price on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AON presently has a consensus rating of "Hold" and a consensus price target of $359.19.
View Our Latest Stock Report on AON
AON Price Performance
AON stock traded up $0.93 during trading on Wednesday, reaching $380.08. The company's stock had a trading volume of 777,546 shares, compared to its average volume of 1,175,037. The company's fifty day moving average is $360.99 and its 200-day moving average is $326.26. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The company has a market capitalization of $82.20 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.
AON Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio (DPR) is presently 22.78%.
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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