Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Aon plc (NYSE:AON)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aon plc (NYSE:AON) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 75,606 shares of the financial services provider’s stock after acquiring an additional 2,435 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AON were worth $26,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter valued at $31,000. First Personal Financial Services bought a new position in AON during the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC purchased a new stake in AON during the third quarter worth about $42,000. Eastern Bank purchased a new position in AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC bought a new position in shares of AON during the 2nd quarter valued at approximately $45,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AON. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Jefferies Financial Group upped their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $362.06.

AON Trading Down 0.4 %

AON stock opened at $391.69 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 fifty-two week low of $268.06 and a fifty-two week high of $395.33. The stock has a market cap of $84.71 billion, a P/E ratio of 33.05, a PEG ratio of 2.46 and a beta of 0.91. The firm’s fifty day moving average price is $366.76 and its 200-day moving average price is $330.95.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio is currently 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.