Davis R M Inc. Grows Holdings in Aon plc (NYSE:AON)

Davis R M Inc. lifted its position in shares of Aon plc (NYSE:AON) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,870 shares of the financial services provider’s stock after acquiring an additional 8,544 shares during the quarter. Davis R M Inc. owned 0.06% of AON worth $43,550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AON. Y.D. More Investments Ltd acquired a new stake in AON in the second quarter valued at approximately $31,000. First Personal Financial Services acquired a new stake in AON in the 3rd quarter valued at $37,000. Eastern Bank purchased a new stake in AON in the 3rd quarter worth $43,000. Nemes Rush Group LLC acquired a new position in AON during the second quarter worth $45,000. Finally, LRI Investments LLC purchased a new position in AON during the first quarter valued at $55,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AON shares. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler increased their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, TD Cowen lifted their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price of $362.06.

AON Price Performance

NYSE:AON opened at $386.21 on Monday. The company has a market capitalization of $83.53 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.42 and a beta of 0.91. 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’s fifty day moving average is $362.45 and its two-hundred day moving average is $327.94.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

AON Company 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.