Avestar Capital LLC Takes Position in Aon plc (NYSE:AON)

Avestar Capital LLC bought a new stake in shares of Aon plc (NYSE:AON) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 839 shares of the financial services provider’s stock, valued at approximately $290,000.

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

AON Price Performance

Shares of NYSE:AON opened at $393.42 on Thursday. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The stock has a market cap of $85.08 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.44 and a beta of 0.91. The stock’s 50 day moving average price is $364.94 and its 200 day moving average price is $329.79. 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s dividend payout ratio (DPR) is 22.78%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research reports. BMO Capital Markets lifted their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of 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 shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.