Aon plc (NYSE:AON) Shares Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its stake in Aon plc (NYSE:AON) by 11.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,165 shares of the financial services provider’s stock after acquiring an additional 1,605 shares during the quarter. Pittenger & Anderson Inc.’s holdings in AON were worth $5,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC boosted its holdings in shares of AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC lifted its position in AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after buying an additional 31 shares in the last quarter. waypoint wealth counsel boosted its stake in shares of AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after buying an additional 32 shares during the period. Trust Co. of Vermont grew its holdings in shares of AON by 8.7% during the 3rd quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 35 shares in the last quarter. Finally, Trust Co. of Oklahoma increased its stake in shares of AON by 3.5% in the third quarter. Trust Co. of Oklahoma now owns 1,071 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 36 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AON. JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Morgan Stanley dropped their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Barclays started coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price for the company. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AON currently has an average rating of “Hold” and a consensus price target of $359.19.

AON Trading Up 0.3 %

Shares of AON opened at $365.64 on Tuesday. The stock’s 50-day moving average price is $352.71 and its 200 day moving average price is $319.24. 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 firm has a market capitalization of $79.08 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.29 and a beta of 0.91.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.74%. AON’s dividend payout ratio (DPR) is currently 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.