Signature Estate & Investment Advisors LLC Makes New Investment in Aon plc (NYSE:AON)

Signature Estate & Investment Advisors LLC bought a new stake in Aon plc (NYSE:AON) during the 3rd quarter, HoldingsChannel reports. The fund bought 659 shares of the financial services provider’s stock, valued at approximately $228,000.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in AON in the 2nd quarter worth about $31,000. First Personal Financial Services bought a new position in shares of AON during the third quarter valued at approximately $37,000. Eastern Bank bought a new stake in shares of AON during the 3rd quarter worth approximately $43,000. Nemes Rush Group LLC purchased a new position in AON during the 2nd quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC grew its position 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 acquiring an additional 58 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays began coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Evercore ISI lifted their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Bank of America increased their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $359.19.

AON Stock Performance

Shares of AON opened at $379.29 on Friday. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The stock has a fifty day moving average price of $359.12 and a 200-day moving average price of $324.19. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a market cap of $82.03 billion, a PE ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 0.91.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio 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.