Oppenheimer Asset Management Inc. Buys 224 Shares of Aon plc (NYSE:AON)

Oppenheimer Asset Management Inc. raised its position in shares of Aon plc (NYSE:AON) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,405 shares of the financial services provider’s stock after purchasing an additional 224 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AON were worth $4,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. Hartline Investment Corp boosted its holdings in AON by 11.2% in the 3rd quarter. Hartline Investment Corp now owns 2,653 shares of the financial services provider’s stock worth $918,000 after buying an additional 268 shares during the period. Haverford Trust Co boosted its stake in shares of AON by 0.3% in the third quarter. Haverford Trust Co now owns 337,040 shares of the financial services provider’s stock worth $116,612,000 after acquiring an additional 1,090 shares during the period. Accredited Investors Inc. raised its stake in AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after purchasing an additional 238,258 shares during the period. Aptus Capital Advisors LLC lifted its holdings in AON by 10.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,034 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 95 shares in the last quarter. Finally, Aigen Investment Management LP boosted its stake in AON by 186.3% in the 3rd quarter. Aigen Investment Management LP now owns 6,318 shares of the financial services provider’s stock worth $2,186,000 after purchasing an additional 4,111 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AON shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Keefe, Bruyette & Woods increased their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Piper Sandler lifted their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI upped their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. One 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, AON currently has an average rating of “Hold” and an average price target of $359.19.

AON Stock Down 2.7 %

Shares of NYSE AON opened at $376.34 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The firm has a 50-day simple moving average of $357.95 and a two-hundred day simple moving average of $322.84. The company has a market cap of $81.39 billion, a P/E ratio of 31.76, a PEG ratio of 2.42 and a beta of 0.91. 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 Announces Dividend

The firm also recently disclosed 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. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, November 1st. AON’s 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.