Avidian Wealth Enterprises LLC Has $537,000 Stock Holdings in Aon plc (NYSE:AON)

Avidian Wealth Enterprises LLC increased its position in Aon plc (NYSE:AON) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,552 shares of the financial services provider’s stock after buying an additional 34 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in AON were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Farallon Capital Management LLC raised its stake in shares of AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after acquiring an additional 1,243,200 shares during the last quarter. Veritas Asset Management LLP raised its position in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Meritage Group LP acquired a new position in AON during the 1st quarter worth about $258,471,000. Bank of New York Mellon Corp grew its position in shares of AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after buying an additional 548,563 shares during the last quarter. Finally, Stone Point Capital LLC bought a new position in shares of AON during the second quarter worth about $151,808,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AON shares. Bank of America increased their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods upped their target price on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $359.19.

AON Price Performance

AON stock opened at $379.87 on Friday. The company has a market capitalization of $82.15 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The business has a 50-day simple moving average of $354.11 and a two-hundred day simple moving average of $320.09. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid 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 is Friday, November 1st. 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.