Aon plc (NYSE:AON) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its position in shares of Aon plc (NYSE:AON) by 10.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 33,386 shares of the financial services provider’s stock after acquiring an additional 3,205 shares during the period. Glenmede Trust Co. NA’s holdings in AON were worth $11,551,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farallon Capital Management LLC grew its holdings in shares of AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after purchasing an additional 1,243,200 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of AON in the third quarter worth $336,375,000. Veritas Asset Management LLP increased its position in shares of AON by 41.6% during the third 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 period. Bank of New York Mellon Corp raised its stake in shares of AON by 37.8% in the second 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 acquiring an additional 548,563 shares in the last quarter. Finally, Stone Point Capital LLC purchased a new position in AON in the second quarter valued at $151,808,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on AON. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Jefferies Financial Group increased their target price on 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 raised AON from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $315.00 to $377.00 in a report 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Stock Down 0.4 %

AON stock opened at $391.69 on Friday. The company has a market cap of $84.71 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The company has a fifty day moving average price of $366.76 and a 200 day moving average price of $330.95. 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 12 month low of $268.06 and a 12 month high of $395.33.

AON Dividend Announcement

The firm also recently announced 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 0.69%. AON’s dividend payout ratio (DPR) is 22.78%.

Insider Activity at AON

In related news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

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.