Autumn Glory Partners LLC Makes New Investment in Aon plc (NYSE:AON)

Autumn Glory Partners LLC bought a new position in Aon plc (NYSE:AON) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 891 shares of the financial services provider’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of AON by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 21,725 shares of the financial services provider’s stock valued at $7,250,000 after purchasing an additional 100 shares in the last quarter. Norden Group LLC bought a new stake in AON during the 1st quarter valued at $2,044,000. First Trust Direct Indexing L.P. increased its holdings in shares of AON by 8.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,260 shares of the financial services provider’s stock valued at $1,422,000 after acquiring an additional 337 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of AON by 1.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,115 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 42 shares during the period. Finally, Marshall Financial Group LLC increased its holdings in shares of AON by 10.9% in the 1st quarter. Marshall Financial Group LLC now owns 2,920 shares of the financial services provider’s stock valued at $974,000 after acquiring an additional 286 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON opened at $370.95 on Wednesday. The stock has a 50-day moving average of $350.43 and a two-hundred day moving average of $317.53. Aon plc has a one year low of $268.06 and a one year high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.42 and a current ratio of 2.05. The stock has a market cap of $80.59 billion, a P/E ratio of 31.30, a P/E/G ratio of 2.43 and a beta of 0.92.

AON Dividend Announcement

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 dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s dividend payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AON shares. Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday. Evercore ISI lifted 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. Barclays initiated coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $355.75.

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.