First Personal Financial Services bought a new stake in Aon plc (NYSE:AON – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 107 shares of the financial services provider’s stock, valued at approximately $37,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farallon Capital Management LLC lifted its holdings in shares of AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after acquiring an additional 1,243,200 shares during the period. Veritas Asset Management LLP lifted its holdings in shares of 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 period. Meritage Group LP purchased a new position in shares of AON during the 1st quarter worth about $258,471,000. Bank of New York Mellon Corp lifted its holdings in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after acquiring an additional 548,563 shares during the period. Finally, Stone Point Capital LLC purchased a new position in shares of AON during the 2nd quarter worth about $151,808,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
AON Stock Performance
Shares of AON opened at $383.78 on Friday. The business’s fifty day moving average price is $355.63 and its 200 day moving average price is $321.01. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The stock has a market capitalization of $83.00 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.41 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 Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on AON shares. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI increased their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $359.19.
Check Out Our Latest Analysis on AON
AON 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.
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