Private Trust Co. NA Grows Position in Aon plc (NYSE:AON)

Private Trust Co. NA increased its stake in Aon plc (NYSE:AON) by 2.4% during the 3rd quarter, Holdings Channel reports. The firm owned 3,424 shares of the financial services provider’s stock after purchasing an additional 80 shares during the quarter. Private Trust Co. NA’s holdings in AON were worth $1,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter valued at $31,000. First Personal Financial Services purchased a new stake in AON during the third quarter valued at about $37,000. Eastern Bank bought a new stake in AON during the third quarter worth about $43,000. Nemes Rush Group LLC purchased a new position in shares of AON in the 2nd quarter worth about $45,000. Finally, Bruce G. Allen Investments LLC raised its holdings 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 buying an additional 58 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AON. Deutsche Bank Aktiengesellschaft increased their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Bank of America increased their target price 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 boosted their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price objective on 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 increased their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $362.06.

AON Stock Up 1.0 %

Shares of NYSE AON opened at $390.07 on Tuesday. The stock has a market capitalization of $84.36 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 2.42 and a beta of 0.91. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm’s 50-day moving average price is $363.24 and its 200-day moving average price is $328.66. Aon plc has a 12-month low of $268.06 and a 12-month high of $390.73.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

AON Company 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.