Lansing Street Advisors Invests $202,000 in Aon plc (NYSE:AON)

Lansing Street Advisors purchased a new stake in shares of Aon plc (NYSE:AON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 584 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Y.D. More Investments Ltd acquired a new stake in shares of AON in the second quarter valued at $31,000. Daiwa Securities Group Inc. increased its holdings in shares of AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after purchasing an additional 2,624 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of AON by 0.4% in the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after purchasing an additional 64,500 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of AON in the 1st quarter valued at $906,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Down 0.7 %

AON stock opened at $364.42 on Monday. The stock has a market capitalization of $78.81 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The company has a quick ratio of 2.42, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $352.15 and a 200-day moving average of $318.84.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. AON’s dividend payout ratio is currently 22.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AON shares. Barclays assumed coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price for the company. Piper Sandler lifted their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and an average price target of $355.75.

AON 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.