Aon plc (NYSE:AON) Shares Purchased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its stake in Aon plc (NYSE:AON) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 886 shares of the financial services provider’s stock after purchasing an additional 28 shares during the quarter. Valley Wealth Managers Inc.’s holdings in AON were worth $307,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Farallon Capital Management LLC raised its holdings in shares of AON by 196.7% in 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 purchasing an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in AON during the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP increased its position in shares of AON by 41.6% in the third 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 in the last quarter. Meritage Group LP acquired a new position in shares of AON during the 1st quarter valued at $258,471,000. Finally, Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 548,563 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.8 %

Shares of NYSE:AON opened at $379.29 on Friday. The company’s fifty day moving average is $359.12 and its two-hundred day moving average is $323.90. 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 plc has a 1-year low of $268.06 and a 1-year high of $389.21. The stock has a market capitalization of $82.03 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s dividend payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AON shares. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Jefferies Financial Group increased their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Evercore ISI boosted 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. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. One 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.com, the company has a consensus rating of “Hold” and a consensus 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.