Donaldson Capital Management LLC Purchases New Position in Aon plc (NYSE:AON)

Donaldson Capital Management LLC purchased a new stake in shares of Aon plc (NYSE:AON) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 760 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. Lansing Street Advisors bought a new stake in AON during the 3rd quarter worth approximately $202,000. Veritas Asset Management LLP grew its holdings 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 worth $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Pure Financial Advisors LLC lifted its position in shares of AON by 10.8% in the 3rd quarter. Pure Financial Advisors LLC now owns 10,093 shares of the financial services provider’s stock worth $3,492,000 after purchasing an additional 986 shares during the period. Farther Finance Advisors LLC lifted its position in shares of AON by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 154 shares during the period. Finally, Dash Acquisitions Inc. lifted its position in shares of AON by 6.6% in the 3rd quarter. Dash Acquisitions Inc. now owns 21,618 shares of the financial services provider’s stock worth $8,116,000 after purchasing an additional 1,333 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Stock Up 0.3 %

NYSE AON opened at $365.64 on Tuesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $79.08 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.29 and a beta of 0.91. Aon plc has a one year low of $268.06 and a one year high of $389.21. The stock has a 50 day moving average price of $352.71 and a 200-day moving average price of $319.24.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. AON’s dividend payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

AON has been the topic of several research reports. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Evercore ISI upped their price objective on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Barclays initiated coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, AON 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.