Cable Hill Partners LLC Acquires New Holdings in Aon plc (NYSE:AON)

Cable Hill Partners LLC purchased a new stake in Aon plc (NYSE:AON) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 579 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Y.D. More Investments Ltd acquired a new stake in AON in the second quarter worth $31,000. First Personal Financial Services bought a new position in shares of AON during the third quarter valued at about $37,000. Eastern Bank bought a new position in shares of AON during the third quarter valued at about $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the second quarter valued at about $45,000. Finally, LRI Investments LLC purchased a new stake in AON during the first quarter worth about $55,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on AON shares. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Evercore ISI boosted their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Barclays assumed coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price for the company. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. One investment 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $359.19.

AON Price Performance

Shares of AON stock opened at $376.34 on Friday. The firm has a market cap of $81.39 billion, a P/E ratio of 31.76, a P/E/G ratio of 2.42 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The business’s 50 day moving average price is $357.95 and its 200-day moving average price is $322.84. 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 Dividend Announcement

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 given a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. AON’s dividend payout ratio is currently 22.78%.

About AON

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.