Haverford Trust Co Increases Stock Position in Aon plc (NYSE:AON)

Haverford Trust Co raised its holdings in Aon plc (NYSE:AON) by 0.3% during the 3rd quarter, Holdings Channel reports. The firm owned 337,040 shares of the financial services provider’s stock after purchasing an additional 1,090 shares during the quarter. Haverford Trust Co’s holdings in AON were worth $116,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after buying an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA raised its stake in AON by 2.5% during 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 purchasing an additional 309,702 shares during the period. Mawer Investment Management Ltd. raised its stake in AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares during the period. Veritas Asset Management LLP raised its stake in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. Finally, Independent Franchise Partners LLP raised its stake in AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after purchasing an additional 49,161 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.1 %

AON opened at $383.78 on Wednesday. The firm’s 50-day simple moving average is $356.43 and its 200-day simple moving average is $321.70. 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 twelve month low of $268.06 and a twelve month high of $389.21. The firm has a market cap of $83.00 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.40 and a beta of 0.91.

AON Dividend Announcement

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

Analyst Ratings Changes

AON has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AON presently has an average rating of “Hold” and a consensus price target of $359.19.

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.