Aon plc (NYSE:AON) Position Increased by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its stake in shares of Aon plc (NYSE:AON) by 45.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,346 shares of the financial services provider’s stock after purchasing an additional 1,352 shares during the quarter. Zions Bancorporation N.A.’s holdings in AON were worth $1,504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new position in AON in the 3rd quarter worth about $37,000. Eastern Bank acquired a new stake in shares of AON during the third quarter valued at approximately $43,000. Nemes Rush Group LLC acquired a new stake in AON during the 2nd quarter valued at $45,000. Finally, LRI Investments LLC acquired a new position in AON during the first quarter valued at $55,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 2.7 %

NYSE:AON opened at $376.34 on Friday. The stock’s fifty day moving average price is $357.95 and its two-hundred day moving average price is $322.84. The company has a market cap of $81.39 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 2.42 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, November 1st. AON’s payout ratio is 22.78%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AON. Bank of America boosted their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. BMO Capital Markets raised 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. Finally, TD Cowen increased their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have issued 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 target price of $359.19.

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.