Nwam LLC Acquires Shares of 1,096 Aon plc (NYSE:AON)

Nwam LLC bought a new stake in shares of Aon plc (NYSE:AON) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,096 shares of the financial services provider’s stock, valued at approximately $379,000.

A number of other hedge funds have also made changes to their positions in the stock. Y.D. More Investments Ltd acquired a new position in AON during the 2nd quarter worth $31,000. First Personal Financial Services acquired a new position in AON in the third quarter worth about $37,000. Eastern Bank bought a new stake in AON in the third quarter valued at about $43,000. Nemes Rush Group LLC bought a new position in AON during the 2nd quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AON shares. Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. 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 report on Monday, October 28th. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. Finally, Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price of $362.06.

AON Stock Performance

Shares of NYSE AON opened at $386.21 on Monday. The stock’s fifty day simple moving average is $362.45 and its 200 day simple moving average is $327.94. The stock has a market capitalization of $83.53 billion, a price-to-earnings ratio of 32.59, a PEG 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.

AON Dividend Announcement

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