Hemenway Trust Co LLC Purchases New Stake in Aon plc (NYSE:AON)

Hemenway Trust Co LLC bought a new stake in Aon plc (NYSE:AON) in the 3rd quarter, HoldingsChannel reports. The firm bought 600 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AON. Y.D. More Investments Ltd acquired a new stake in AON during the second quarter worth about $31,000. First Personal Financial Services purchased a new stake in shares of AON in the 3rd quarter valued at approximately $37,000. Eastern Bank purchased a new stake in shares of AON during the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC acquired a new position in AON in the second quarter valued at approximately $45,000. Finally, LRI Investments LLC acquired a new stake in AON during the first quarter worth $55,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 0.2 %

Shares of AON stock traded up $0.75 during trading on Tuesday, hitting $384.13. 51,901 shares of the stock were exchanged, compared to its average volume of 1,169,272. The stock has a market cap of $83.07 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The firm’s 50-day moving average price is $356.43 and its 200 day moving average price is $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 plc has a 12-month low of $268.06 and a 12-month high of $389.21.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AON shares. Evercore ISI increased their price target on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.