First Horizon Advisors Inc. Boosts Position in Aon plc (NYSE:AON)

First Horizon Advisors Inc. lifted its position in Aon plc (NYSE:AON) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 377 shares of the financial services provider’s stock after buying an additional 58 shares during the quarter. First Horizon Advisors Inc.’s holdings in AON were worth $130,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised 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. Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $362.06.

AON Stock Up 0.9 %

NYSE AON opened at $386.21 on Friday. The business’s 50-day moving average is $362.45 and its 200 day moving average is $327.63. The stock has a market capitalization of $83.53 billion, a PE ratio of 32.59, a PEG ratio of 2.40 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 1 year low of $268.06 and a 1 year high of $389.21.

AON Dividend Announcement

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

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.