Public Sector Pension Investment Board Has $13.12 Million Holdings in Aon plc (NYSE:AON)

Public Sector Pension Investment Board raised its stake in shares of Aon plc (NYSE:AON) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,929 shares of the financial services provider’s stock after buying an additional 1,100 shares during the period. Public Sector Pension Investment Board’s holdings in AON were worth $13,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AON. Jacobs Levy Equity Management Inc. acquired a new position in AON during the first quarter valued at approximately $1,920,000. B. Riley Wealth Advisors Inc. grew its stake in AON by 56.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock valued at $523,000 after buying an additional 583 shares during the last quarter. Hancock Whitney Corp lifted its position in AON by 7.6% during the 1st quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 66 shares during the last quarter. LRI Investments LLC bought a new stake in AON during the first quarter valued at about $125,000. Finally, Swedbank AB acquired a new stake in shares of AON in the first quarter valued at about $34,788,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of several recent analyst reports. Bank of America increased their target price 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 increased 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. Keefe, Bruyette & Woods boosted 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. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $315.00 to $377.00 in a research note on Monday, October 28th. 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, AON has a consensus rating of “Hold” and an average price target of $362.06.

AON Stock Up 0.8 %

Shares of AON opened at $393.31 on Friday. The company has a market capitalization of $85.06 billion, a P/E ratio of 33.19, a PEG ratio of 2.46 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 plc has a one year low of $268.06 and a one year high of $395.33. The business’s 50 day simple moving average is $365.87 and its 200-day simple moving average is $330.23.

AON Announces Dividend

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

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.