Kraft Davis & Associates LLC Buys 8,341 Shares of Aon plc (NYSE:AON)

Kraft Davis & Associates LLC increased its stake in shares of Aon plc (NYSE:AON) by 838.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,336 shares of the financial services provider’s stock after buying an additional 8,341 shares during the period. AON accounts for about 1.0% of Kraft Davis & Associates LLC’s portfolio, making the stock its 28th largest holding. Kraft Davis & Associates LLC’s holdings in AON were worth $3,463,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its holdings in shares of AON by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 38 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of AON during the 1st quarter valued at approximately $906,000. Lake Street Advisors Group LLC increased its position in AON by 85.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 2,025 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 935 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in AON in the first quarter valued at approximately $675,000. Finally, Capital Group Investment Management PTE. LTD. grew its stake in shares of AON by 5.7% during the first quarter. Capital Group Investment Management PTE. LTD. now owns 10,437 shares of the financial services provider’s stock worth $3,483,000 after buying an additional 560 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AON. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Evercore ISI raised their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. 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’s stock. According to data from MarketBeat, AON currently has an average rating of “Hold” and a consensus price target of $359.19.

AON Stock Performance

Shares of AON stock opened at $379.16 on Wednesday. The business has a 50-day simple moving average of $360.28 and a 200 day simple moving average of $325.88. The firm has a market capitalization of $82.00 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.38 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a one year low of $268.06 and a one year high of $389.21.

AON Dividend Announcement

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