587 Shares in Aon plc (NYSE:AON) Purchased by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP acquired a new position in shares of Aon plc (NYSE:AON) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 587 shares of the financial services provider’s stock, valued at approximately $203,000.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in AON by 17.4% in the 1st quarter. Empowered Funds LLC now owns 2,915 shares of the financial services provider’s stock worth $973,000 after acquiring an additional 432 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 38 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in AON by 8.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 227,465 shares of the financial services provider’s stock worth $71,717,000 after acquiring an additional 17,452 shares during the last quarter. D Orazio & Associates Inc. bought a new position in AON in the 1st quarter worth about $227,000. Finally, Zevin Asset Management LLC increased its stake in AON by 1.8% in the 1st quarter. Zevin Asset Management LLC now owns 33,808 shares of the financial services provider’s stock worth $11,282,000 after acquiring an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.1 %

NYSE AON opened at $383.78 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. 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 stock has a 50 day simple moving average of $356.43 and a two-hundred day simple moving average of $321.70. The stock has a market cap of $83.00 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 22.78%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AON shares. Barclays started coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. TD Cowen increased their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Jefferies Financial Group increased 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. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $359.19.

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.