Oppenheimer Asset Management Inc. Buys 224 Shares of Aon plc (NYSE:AON)

Oppenheimer Asset Management Inc. increased its position in Aon plc (NYSE:AON) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 13,405 shares of the financial services provider’s stock after acquiring an additional 224 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AON were worth $4,638,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hartline Investment Corp grew its position in shares of AON by 11.2% during the 3rd quarter. Hartline Investment Corp now owns 2,653 shares of the financial services provider’s stock worth $918,000 after buying an additional 268 shares in the last quarter. Haverford Trust Co lifted its stake in AON by 0.3% in the third quarter. Haverford Trust Co now owns 337,040 shares of the financial services provider’s stock worth $116,612,000 after acquiring an additional 1,090 shares during the period. Accredited Investors Inc. grew its holdings in AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after acquiring an additional 238,258 shares in the last quarter. Aptus Capital Advisors LLC increased its position in AON by 10.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,034 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 95 shares during the period. Finally, Aigen Investment Management LP lifted its position in shares of AON by 186.3% in the 3rd quarter. Aigen Investment Management LP now owns 6,318 shares of the financial services provider’s stock worth $2,186,000 after purchasing an additional 4,111 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock opened at $376.34 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average of $357.95 and a 200 day moving average of $322.84. The firm has a market capitalization of $81.39 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is 22.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AON shares. TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Piper Sandler upped their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Bank of America increased their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. 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, the stock presently has an average rating of “Hold” and a consensus price target of $359.19.

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.