First Personal Financial Services Buys Shares of 107 Aon plc (NYSE:AON)

First Personal Financial Services bought a new stake in Aon plc (NYSE:AON) 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

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is 22.78%.

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.

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.