Pathstone Holdings LLC Acquires 1,381 Shares of Aon plc (NYSE:AON)

Pathstone Holdings LLC increased its stake in Aon plc (NYSE:AON) by 3.2% during the third quarter, Holdings Channel.com reports. The firm owned 44,663 shares of the financial services provider’s stock after purchasing an additional 1,381 shares during the quarter. Pathstone Holdings LLC’s holdings in AON were worth $15,453,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of AON during the 2nd quarter valued at about $31,000. Diamond Hill Capital Management Inc. purchased a new position in AON during the third quarter valued at approximately $336,375,000. Vontobel Holding Ltd. boosted its position in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares during the period. Edgestream Partners L.P. bought a new stake in shares of AON during the 1st quarter valued at $906,000. Finally, Cetera Investment Advisers lifted its stake in shares of AON by 255.5% during the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after buying an additional 13,977 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $379.16 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The firm has a market capitalization of $82.00 billion, a PE ratio of 32.00, a PEG ratio of 2.38 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s fifty day moving average is $360.28 and its 200 day moving average is $325.88.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 yield of 0.71%. AON’s payout ratio is 22.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AON. BMO Capital Markets raised their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Barclays assumed coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods lifted their price target on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $359.19.

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.