Verdence Capital Advisors LLC Purchases 96 Shares of Aon plc (NYSE:AON)

Verdence Capital Advisors LLC grew its holdings in Aon plc (NYSE:AON) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,208 shares of the financial services provider’s stock after acquiring an additional 96 shares during the quarter. Verdence Capital Advisors LLC’s holdings in AON were worth $3,532,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in shares of AON during the second quarter worth approximately $31,000. Eastern Bank acquired a new position in AON in the 3rd quarter valued at $43,000. Nemes Rush Group LLC bought a new stake in shares of AON during the 2nd quarter valued at $45,000. LRI Investments LLC acquired a new stake in shares of AON during the 1st quarter worth $55,000. Finally, Bruce G. Allen Investments LLC increased its holdings in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of NYSE AON opened at $383.72 on Friday. The company has a market capitalization of $82.99 billion, a PE ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The firm has a fifty day simple moving average of $355.63 and a 200 day simple moving average of $321.01.

AON Announces Dividend

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

Analysts Set New Price Targets

AON has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Barclays began coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target for the company. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One 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, AON has an average rating of “Hold” and a consensus target price of $359.19.

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.