Zevin Asset Management LLC Purchases 923 Shares of Aon plc (NYSE:AON)

Zevin Asset Management LLC lifted its position in shares of Aon plc (NYSE:AON) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,384 shares of the financial services provider’s stock after buying an additional 923 shares during the quarter. AON comprises approximately 1.8% of Zevin Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Zevin Asset Management LLC’s holdings in AON were worth $11,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after acquiring an additional 52,099 shares during the last quarter. Veritas Asset Management LLP boosted its stake in shares of AON by 41.6% during the 3rd 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 during the last quarter. Independent Franchise Partners LLP lifted its stake in shares of AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after buying an additional 49,161 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $587,445,000 after buying an additional 548,563 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price of $359.19.

AON Stock Up 0.8 %

AON opened at $379.29 on Monday. The stock has a market capitalization of $82.03 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.38 and a beta of 0.91. The company has a fifty day moving average of $359.12 and a two-hundred day moving average of $324.47. 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 fifty-two week low of $268.06 and a fifty-two week high of $389.21.

AON Dividend Announcement

The business 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 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is presently 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.