Moors & Cabot Inc. Acquires 45 Shares of Aon plc (NYSE:AON)

Moors & Cabot Inc. grew its stake in Aon plc (NYSE:AON) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,097 shares of the financial services provider’s stock after purchasing an additional 45 shares during the period. Moors & Cabot Inc.’s holdings in AON were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farallon Capital Management LLC grew its stake in shares of AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after buying an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in AON during the 3rd quarter worth $336,375,000. Veritas Asset Management LLP increased its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares in the last quarter. Bank of New York Mellon Corp raised its position in AON by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares during the last quarter. Finally, Stone Point Capital LLC acquired a new stake in shares of AON during the second quarter valued at about $151,808,000. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

NYSE:AON opened at $386.21 on Friday. The firm has a market capitalization of $83.53 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.40 and a beta of 0.91. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The company has a fifty day moving average of $362.45 and a 200-day moving average of $327.63. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised 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. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. 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. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $362.06.

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.