Meeder Advisory Services Inc. Increases Position in Aon plc (NYSE:AON)

Meeder Advisory Services Inc. raised its holdings in shares of Aon plc (NYSE:AON) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,959 shares of the financial services provider’s stock after purchasing an additional 309 shares during the quarter. Meeder Advisory Services Inc.’s holdings in AON were worth $1,370,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AON. Avantax Advisory Services Inc. boosted its stake in AON by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 38 shares during the last quarter. Edgestream Partners L.P. acquired a new position in AON in the first quarter worth about $906,000. O Shaughnessy Asset Management LLC raised its stake in AON by 0.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 27,338 shares of the financial services provider’s stock valued at $9,123,000 after buying an additional 200 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of AON by 85.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 2,025 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 935 shares in the last quarter. Finally, Meritage Group LP bought a new position in AON during the first quarter worth $258,471,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AON shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $315.00 to $377.00 in a research report on Monday, October 28th. Barclays initiated coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Keefe, Bruyette & Woods upped their price target 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. Finally, Jefferies Financial Group boosted their target price 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $359.19.

AON Price Performance

NYSE:AON opened at $380.44 on Tuesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market cap of $82.28 billion, a P/E ratio of 32.10, a PEG ratio of 2.38 and a beta of 0.91. The business’s 50-day moving average price is $359.72 and its 200 day moving average price is $325.18.

AON Announces Dividend

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

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.