Hemenway Trust Co LLC Invests $208,000 in Aon plc (NYSE:AON)

Hemenway Trust Co LLC acquired a new stake in Aon plc (NYSE:AON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 600 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also made changes to their positions in AON. Vanguard Group Inc. boosted its position in AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after buying an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA grew its stake in AON by 2.5% in the second 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 purchasing an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in AON by 1.2% in the second 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. Veritas Asset Management LLP increased its position in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the period. Finally, Independent Franchise Partners LLP raised its holdings in shares of AON by 2.1% in the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after purchasing an additional 49,161 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AON. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $359.19.

AON Price Performance

NYSE AON traded up $0.75 during mid-day trading on Tuesday, hitting $384.13. The stock had a trading volume of 51,901 shares, compared to its average volume of 1,169,272. The firm’s 50 day moving average is $356.43 and its 200 day moving average is $321.70. 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 market capitalization of $83.07 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.41 and a beta of 0.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21.

AON Dividend Announcement

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

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.