Fiducient Advisors LLC Grows Position in Aon plc (NYSE:AON)

Fiducient Advisors LLC raised its holdings in Aon plc (NYSE:AON) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 374,391 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. AON comprises approximately 15.0% of Fiducient Advisors LLC’s investment portfolio, making the stock its biggest holding. Fiducient Advisors LLC owned approximately 0.17% of AON worth $129,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Farallon Capital Management LLC lifted its holdings in AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after buying an additional 1,243,200 shares during the period. Meritage Group LP bought a new stake in AON in the 1st quarter valued at about $258,471,000. Bank of New York Mellon Corp boosted its stake in AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares during the last quarter. Stone Point Capital LLC acquired a new position in AON during the 2nd quarter valued at about $151,808,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AON by 32.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after buying an additional 471,424 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $369.43 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.42 and a current ratio of 2.05. The company has a market capitalization of $80.25 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The firm has a 50-day simple moving average of $351.06 and a 200-day simple moving average of $317.89.

AON Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.73%. AON’s payout ratio is 22.78%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays started coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price for the company. Bank of America boosted their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. TD Cowen boosted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $355.75.

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.