First Trust Direct Indexing L.P. Boosts Stock Holdings in Aon plc (NYSE:AON)

First Trust Direct Indexing L.P. lifted its stake in shares of Aon plc (NYSE:AON) by 23.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,196 shares of the financial services provider’s stock after acquiring an additional 1,189 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in AON were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in AON in the second quarter valued at $31,000. Norden Group LLC purchased a new position in AON in the first quarter valued at $2,044,000. Daiwa Securities Group Inc. increased its holdings in AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares during the last quarter. Vanguard Group Inc. increased its holdings in AON by 0.4% in 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 last quarter. Finally, Vontobel Holding Ltd. increased its holdings in AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after buying an additional 57,847 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several recent analyst reports. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $315.00 to $377.00 in a report on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Barclays began coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. 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. Finally, TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $355.75.

AON Trading Down 0.4 %

NYSE AON opened at $369.43 on Thursday. The stock has a market capitalization of $80.25 billion, a P/E ratio of 31.18, a P/E/G ratio of 2.43 and a beta of 0.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The firm has a 50-day moving average price of $351.06 and a 200 day moving average price of $317.89. The company has a quick ratio of 2.42, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s dividend payout ratio is currently 22.78%.

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.