Private Trust Co. NA Acquires 80 Shares of Aon plc (NYSE:AON)

Private Trust Co. NA lifted its holdings in shares of Aon plc (NYSE:AON) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,424 shares of the financial services provider’s stock after purchasing an additional 80 shares during the period. Private Trust Co. NA’s holdings in AON were worth $1,184,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Davis R M Inc. grew its position in shares of AON by 7.3% during the 3rd quarter. Davis R M Inc. now owns 125,870 shares of the financial services provider’s stock worth $43,550,000 after buying an additional 8,544 shares during the period. Douglass Winthrop Advisors LLC grew its holdings in AON by 1.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 372,419 shares of the financial services provider’s stock worth $128,853,000 after purchasing an additional 5,399 shares during the period. Daiwa Securities Group Inc. increased its stake in AON by 11.0% in the third quarter. Daiwa Securities Group Inc. now owns 24,997 shares of the financial services provider’s stock valued at $8,649,000 after purchasing an additional 2,478 shares in the last quarter. Borer Denton & Associates Inc. boosted its position in shares of AON by 1.3% during the 3rd quarter. Borer Denton & Associates Inc. now owns 33,238 shares of the financial services provider’s stock worth $11,500,000 after purchasing an additional 431 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of AON by 5.8% in the 3rd quarter. Larson Financial Group LLC now owns 5,710 shares of the financial services provider’s stock valued at $1,976,000 after buying an additional 311 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.0 %

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 PEG ratio of 2.42 and a beta of 0.91. The business’s fifty day moving average is $363.24 and its 200-day moving average is $328.66. 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 $390.73.

AON Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on AON. Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Wells Fargo & Company raised 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 research report on Monday, October 28th. Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.