First Horizon Advisors Inc. Buys 58 Shares of Aon plc (NYSE:AON)

First Horizon Advisors Inc. boosted its position in Aon plc (NYSE:AON) by 18.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377 shares of the financial services provider’s stock after buying an additional 58 shares during the period. First Horizon Advisors Inc.’s holdings in AON were worth $130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in AON in the 1st quarter valued at $1,681,000. LRI Investments LLC acquired a new position in shares of AON during the first quarter valued at about $55,000. BOKF NA increased its position in shares of AON by 2.7% during the first quarter. BOKF NA now owns 5,508 shares of the financial services provider’s stock worth $1,815,000 after acquiring an additional 147 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in shares of AON by 167.9% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 219,237 shares of the financial services provider’s stock worth $73,164,000 after acquiring an additional 137,405 shares during the last quarter. Finally, Kraft Davis & Associates LLC acquired a new position in AON during the 1st quarter valued at about $679,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.9 %

Shares of AON stock opened at $386.21 on Friday. The stock has a market capitalization of $83.53 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.40 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $362.45 and its 200 day simple moving average is $327.63.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 target price on shares of AON in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $362.06.

AON 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.