Assetmark Inc. Grows Stock Position in Aon plc (NYSE:AON)

Assetmark Inc. boosted its position in shares of Aon plc (NYSE:AON) by 8.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,044 shares of the financial services provider’s stock after buying an additional 606 shares during the quarter. Assetmark Inc.’s holdings in AON were worth $2,783,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AON. Y.D. More Investments Ltd purchased a new stake in AON during the second quarter worth $31,000. Vanguard Group Inc. lifted its stake in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the last quarter. Vontobel Holding Ltd. boosted its position in AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares in the last quarter. Edgestream Partners L.P. bought a new position in AON in the first quarter worth about $906,000. Finally, Cetera Investment Advisers lifted its position in shares of AON by 255.5% during the first quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after buying an additional 13,977 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. 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. Jefferies Financial Group increased their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Finally, BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $359.19.

AON Stock Performance

Shares of AON opened at $386.92 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The company’s fifty day moving average is $357.18 and its 200-day moving average is $322.39. The firm has a market cap of $83.68 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 0.70%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is currently 22.78%.

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.