Aigen Investment Management LP Acquires 4,111 Shares of Aon plc (NYSE:AON)

Aigen Investment Management LP raised its holdings in shares of Aon plc (NYSE:AON) by 186.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,318 shares of the financial services provider’s stock after acquiring an additional 4,111 shares during the quarter. Aigen Investment Management LP’s holdings in AON were worth $2,186,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in shares of AON during the 2nd quarter worth approximately $31,000. First Personal Financial Services bought a new position in shares of AON in the third quarter valued at $37,000. Eastern Bank bought a new position in shares of AON in the third quarter valued at $43,000. Nemes Rush Group LLC bought a new position in shares of AON in the second quarter valued at $45,000. Finally, LRI Investments LLC bought a new position in shares of AON in the first quarter valued at $55,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON stock traded up $0.75 during midday trading on Tuesday, reaching $384.13. The company had a trading volume of 51,901 shares, compared to its average volume of 1,169,272. The company has a market capitalization of $83.07 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The stock has a 50 day moving average price of $356.43 and a 200-day moving average price of $321.70. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21. 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a research note on Monday, August 5th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Piper Sandler lifted their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $359.19.

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.