Baker Avenue Asset Management LP Takes $203,000 Position in Aon plc (NYSE:AON)

Baker Avenue Asset Management LP bought a new stake in Aon plc (NYSE:AON) in the third quarter, HoldingsChannel reports. The firm bought 587 shares of the financial services provider’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter valued at approximately $31,000. First Personal Financial Services purchased a new position in shares of AON in the 3rd quarter valued at approximately $37,000. Eastern Bank bought a new position in AON during the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC bought a new position in AON during the 2nd quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC increased its position in AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AON shares. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Barclays started coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $359.19.

AON Stock Performance

NYSE:AON opened at $383.78 on Wednesday. The firm has a market capitalization of $83.00 billion, a PE ratio of 32.39, a P/E/G ratio of 2.41 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 has a 50-day simple moving average of $356.43 and a two-hundred day simple moving average of $321.70. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is 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.