Charles Schwab Investment Management Inc. Purchases 11,922 Shares of Aon plc (NYSE:AON)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Aon plc (NYSE:AON) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,206,763 shares of the financial services provider’s stock after purchasing an additional 11,922 shares during the period. Charles Schwab Investment Management Inc. owned 0.56% of AON worth $417,528,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new stake in AON during the second quarter valued at $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 AON in the third quarter worth approximately $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the 2nd quarter worth approximately $45,000. Finally, LRI Investments LLC acquired a new stake in shares of AON during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.8 %

Shares of AON stock opened at $383.04 on Friday. The firm has a market cap of $82.84 billion, a PE ratio of 32.32, a P/E/G ratio of 2.38 and a beta of 0.91. The stock has a fifty day moving average price of $361.69 and a 200-day moving average price of $326.65. 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 plc has a 1 year low of $268.06 and a 1 year high of $389.21.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AON shares. Piper Sandler upped their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Jefferies Financial Group boosted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and an average target price of $362.06.

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.