Aon plc (NYSE:AON) Position Boosted by Accredited Investors Inc.

Accredited Investors Inc. increased its holdings in shares of Aon plc (NYSE:AON) by 5,694.5% during the third quarter, HoldingsChannel.com reports. The fund owned 242,442 shares of the financial services provider’s stock after buying an additional 238,258 shares during the quarter. AON makes up approximately 2.1% of Accredited Investors Inc.’s investment portfolio, making the stock its 10th largest position. Accredited Investors Inc.’s holdings in AON were worth $83,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in AON by 2.5% in 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 buying an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. lifted its position 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 valued at $1,293,449,000 after buying an additional 52,099 shares during the last quarter. Veritas Asset Management LLP grew its stake in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the period. Finally, Independent Franchise Partners LLP raised its stake in AON by 2.1% in the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after acquiring an additional 49,161 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

NYSE AON traded down $0.05 on Tuesday, reaching $383.33. 150,112 shares of the company’s stock traded hands, compared to its average volume of 1,169,720. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The stock has a market cap of $82.90 billion, a PE ratio of 32.35, a P/E/G ratio of 2.41 and a beta of 0.91. The stock has a 50-day simple moving average of $356.43 and a 200 day simple moving average of $321.70. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Analyst Ratings Changes

A number of research analysts recently weighed in on AON shares. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Evercore ISI lifted their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Jefferies Financial Group upped their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities 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. According to MarketBeat.com, AON has a consensus rating of “Hold” and an average 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.