Signature Estate & Investment Advisors LLC Takes $228,000 Position in Aon plc (NYSE:AON)

Signature Estate & Investment Advisors LLC bought a new position in Aon plc (NYSE:AON) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 659 shares of the financial services provider’s stock, valued at approximately $228,000.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in AON in the second quarter valued at about $31,000. First Personal Financial Services bought a new stake in shares of AON during the 3rd quarter valued at about $37,000. Eastern Bank bought a new stake in shares of AON during the 3rd quarter valued at about $43,000. Nemes Rush Group LLC bought a new stake in shares of AON during the 2nd quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 58 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Up 0.8 %

Shares of AON opened at $379.29 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two 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. The company’s fifty day moving average is $359.12 and its 200 day moving average is $324.19. The stock has a market capitalization of $82.03 billion, a PE ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 0.91.

AON Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One investment 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’s stock. According to data from MarketBeat, the stock 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.