Northwest & Ethical Investments L.P. Buys New Stake in Aon plc (NYSE:AON)

Northwest & Ethical Investments L.P. purchased a new position in shares of Aon plc (NYSE:AON) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 955 shares of the financial services provider’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds also recently modified their holdings of AON. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter valued at about $31,000. First Personal Financial Services acquired a new stake in shares of AON in the third quarter valued at $37,000. RPg Family Wealth Advisory LLC bought a new stake in AON during the third quarter worth approximately $42,000. Eastern Bank bought a new position in shares of AON in the third quarter valued at $43,000. Finally, Nemes Rush Group LLC acquired a new position in shares of AON in the 2nd quarter valued at $45,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several research analyst reports. Evercore ISI lifted their price objective on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. 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 stock. According to MarketBeat.com, AON has an average rating of “Hold” and an average target price of $362.06.

Insider Transactions at AON

In other news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

AON Stock Down 0.5 %

Shares of AON stock opened at $391.54 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The firm’s 50-day moving average is $366.76 and its 200-day moving average is $331.25. The stock has a market cap of $84.68 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.45 and a beta of 0.91.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is 22.78%.

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.