PNC Financial Services Group Inc. Increases Stock Holdings in Aon plc (NYSE:AON)

PNC Financial Services Group Inc. boosted its stake in shares of Aon plc (NYSE:AON) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,389 shares of the financial services provider’s stock after buying an additional 551 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AON were worth $46,497,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in AON during the 2nd quarter valued at about $31,000. Diamond Hill Capital Management Inc. bought a new position in shares of AON during the third quarter valued at approximately $336,375,000. Vontobel Holding Ltd. raised its holdings in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after buying an additional 57,847 shares during the period. Edgestream Partners L.P. purchased a new position in AON during the 1st quarter valued at $906,000. Finally, Cetera Investment Advisers grew its position in AON by 255.5% in the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after acquiring an additional 13,977 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.2 %

NYSE:AON opened at $380.08 on Thursday. The firm has a 50 day moving average of $360.99 and a 200 day moving average of $326.26. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21. The stock has a market capitalization of $82.20 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2.38 and a beta of 0.91.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given 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 22.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AON shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Keefe, Bruyette & Woods upped their target price on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Finally, Piper Sandler increased their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AON presently has an average rating of “Hold” and an average target price of $359.19.

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.