Aptus Capital Advisors LLC Boosts Stock Position in Aon plc (NYSE:AON)

Aptus Capital Advisors LLC increased its stake in Aon plc (NYSE:AON) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,034 shares of the financial services provider’s stock after acquiring an additional 95 shares during the period. Aptus Capital Advisors LLC’s holdings in AON were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AON. Y.D. More Investments Ltd bought a new stake in shares of AON in the 2nd quarter valued at about $31,000. First Personal Financial Services bought a new position in AON during the 3rd quarter valued at approximately $37,000. Eastern Bank bought a new position in AON during the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC bought a new position in AON during the 2nd quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC raised its position in AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON stock opened at $379.29 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $82.03 billion, a P/E ratio of 32.01, a PEG ratio of 2.42 and a beta of 0.91. The stock’s 50 day moving average is $358.50 and its 200 day moving average is $323.21. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON’s payout ratio is currently 22.78%.

Analyst Ratings Changes

AON has been the subject of a number of recent analyst reports. Barclays initiated coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Bank of America upped their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $359.19.

AON Company 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.