Eastern Bank purchased a new position in shares of Aon plc (NYSE:AON – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 124 shares of the financial services provider’s stock, valued at approximately $43,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in AON by 0.4% during 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 buying an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in AON by 2.5% during 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 period. Mawer Investment Management Ltd. lifted its position in AON by 1.2% during 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 period. Sustainable Growth Advisers LP lifted its position in 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 worth $936,151,000 after acquiring an additional 127,173 shares during the period. Finally, Independent Franchise Partners LLP lifted its position in AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after acquiring an additional 49,161 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.
AON Stock Performance
Shares of AON stock opened at $375.44 on Friday. The stock has a fifty day moving average price of $349.01 and a 200 day moving average price of $316.67. The stock has a market cap of $81.56 billion, a PE ratio of 30.01, a P/E/G ratio of 2.31 and a beta of 0.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.
AON Dividend Announcement
The business 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 dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is 21.58%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on AON shares. Barclays started coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price target on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Bank of America raised 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. Finally, 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $349.69.
Check Out Our Latest Research Report on AON
About AON
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.
See Also
- Five stocks we like better than AON
- Breakout Stocks: What They Are and How to Identify Them
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Insider Trading – What You Need to Know
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Market Cap Calculator: How to Calculate Market Cap
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AON – Free Report).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.