Camden National Bank Purchases Shares of 700 Aon plc (NYSE:AON)

Camden National Bank acquired a new position in shares of Aon plc (NYSE:AON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 700 shares of the financial services provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the period. Mawer Investment Management Ltd. boosted its holdings in shares of AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after buying an additional 52,099 shares during the period. Veritas Asset Management LLP grew its stake in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after buying an additional 883,761 shares during the last quarter. Independent Franchise Partners LLP lifted its position in AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after acquiring an additional 49,161 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after acquiring an additional 548,563 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AON shares. Piper Sandler lifted their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. One investment 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, the stock has a consensus rating of “Hold” and an average target price of $362.06.

AON Stock Up 0.9 %

Shares of NYSE AON opened at $386.21 on Friday. The stock has a 50-day moving average price of $362.45 and a two-hundred day moving average price of $327.63. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market cap of $83.53 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.40 and a beta of 0.91.

AON Announces Dividend

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