Pittenger & Anderson Inc. Buys 1,605 Shares of Aon plc (NYSE:AON)

Pittenger & Anderson Inc. increased its holdings in Aon plc (NYSE:AON - Free Report) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,165 shares of the financial services provider's stock after purchasing an additional 1,605 shares during the quarter. Pittenger & Anderson Inc.'s holdings in AON were worth $5,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider's stock worth $5,894,053,000 after acquiring an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock worth $1,293,449,000 after acquiring an additional 52,099 shares during the last quarter. Veritas Asset Management LLP grew its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Finally, Sustainable Growth Advisers LP boosted its stake in shares of AON by 4.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider's stock valued at $936,151,000 after purchasing an additional 127,173 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday. Piper Sandler lifted 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. Evercore ISI boosted their price objective on shares of AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a research note on Monday, August 26th. Finally, Morgan Stanley decreased their target price on shares of AON from $300.00 to $296.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $359.19.

AON Stock Performance

NYSE AON traded up $3.06 during trading hours on Tuesday, hitting $368.70. 607,518 shares of the company's stock traded hands, compared to its average volume of 1,174,898. The business's fifty day moving average price is $353.27 and its two-hundred day moving average price is $319.66. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $79.74 billion, a P/E ratio of 31.11, a P/E/G ratio of 2.29 and a beta of 0.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.73%. AON's payout ratio is currently 22.78%.

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.