Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aon plc (NYSE:AON - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,606 shares of the financial services provider's stock after purchasing an additional 2,435 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in AON were worth $26,159,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in AON. Y.D. More Investments Ltd acquired a new position in shares of AON in the second quarter valued at approximately $31,000. First Personal Financial Services bought a new position in shares of AON in the 3rd quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON in the third quarter valued at approximately $42,000. Eastern Bank purchased a new position in AON during the 3rd quarter worth approximately $43,000. Finally, Nemes Rush Group LLC bought a new position in AON during the second quarter valued at about $45,000. 86.14% of the stock is owned by hedge funds and other institutional investors.
AON Stock Down 0.5 %
AON stock traded down $1.77 during mid-day trading on Friday, reaching $391.54. The company had a trading volume of 463,005 shares, compared to its average volume of 1,022,800. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $366.76 and a two-hundred day simple moving average of $330.95. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a market capitalization of $84.68 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.46 and a beta of 0.91.
AON Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON's dividend payout ratio (DPR) is presently 22.78%.
Wall Street Analyst Weigh In
AON has been the subject of a number of research analyst reports. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Evercore ISI raised their price target on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. One investment 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, AON has an average rating of "Hold" and a consensus price target of $362.06.
Get Our Latest Stock Analysis on AON
Insider Activity at AON
In related 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 transaction 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 SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.
AON Company 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.
Further Reading
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
