Radnor Capital Management LLC Increases Position in Aon plc (NYSE:AON)

Radnor Capital Management LLC lifted its stake in shares of Aon plc (NYSE:AON) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,712 shares of the financial services provider’s stock after acquiring an additional 793 shares during the quarter. Radnor Capital Management LLC’s holdings in AON were worth $3,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AON. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter worth $31,000. Eastern Bank purchased a new stake in shares of AON during the third quarter worth $43,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter worth $45,000. Bruce G. Allen Investments LLC grew its stake in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of AON during the first quarter worth $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AON. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Evercore ISI boosted their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $359.19.

AON Price Performance

Shares of AON opened at $368.70 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The company has a market capitalization of $79.74 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. The firm has a 50-day simple moving average of $353.27 and a 200-day simple moving average of $319.66. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s dividend payout ratio (DPR) is 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.