Camden National Bank Invests $242,000 in Aon plc (NYSE:AON)

Camden National Bank bought a new position in shares of Aon plc (NYSE:AON) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 700 shares of the financial services provider’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd acquired a new position in shares of AON during the second quarter worth $31,000. First Personal Financial Services bought a new stake in shares of AON in the 3rd quarter valued at about $37,000. Eastern Bank acquired a new stake in shares of AON in the third quarter valued at about $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the second quarter worth about $45,000. Finally, LRI Investments LLC acquired a new position in shares of AON in the first quarter worth approximately $55,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Jefferies Financial Group lifted their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $362.06.

AON Stock Up 0.9 %

AON stock opened at $386.21 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm’s fifty day moving average price is $362.45 and its two-hundred day moving average price is $327.63. The firm has a market capitalization of $83.53 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

About AON

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.