Great Valley Advisor Group Inc. Buys New Position in Aon plc (NYSE:AON)

Great Valley Advisor Group Inc. bought a new stake in shares of Aon plc (NYSE:AON) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 833 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of AON in the second quarter valued at about $31,000. First Personal Financial Services acquired a new position in shares of AON in the third quarter valued at about $37,000. Eastern Bank acquired a new position in shares of AON in the third quarter valued at about $43,000. Nemes Rush Group LLC acquired a new position in shares of AON in the second quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC grew its holdings in AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AON shares. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays raised their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. BMO Capital Markets raised their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods increased their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $362.06.

AON Stock Performance

NYSE AON opened at $393.42 on Thursday. The company has a market cap of $85.08 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The stock’s 50 day simple moving average is $364.94 and its 200-day simple moving average is $329.79. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is presently 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.