Metis Global Partners LLC Grows Position in Aon plc (NYSE:AON)

Metis Global Partners LLC grew its stake in Aon plc (NYSE:AON) by 3.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,523 shares of the financial services provider’s stock after buying an additional 272 shares during the quarter. Metis Global Partners LLC’s holdings in AON were worth $2,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in AON during the second quarter worth about $31,000. First Personal Financial Services bought a new position in shares of AON during the third quarter valued at about $37,000. Eastern Bank purchased a new stake in AON during the 3rd quarter valued at about $43,000. Nemes Rush Group LLC purchased a new position in AON in the 2nd quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the subject of several analyst reports. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $359.19.

AON Price Performance

AON stock opened at $376.34 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $81.39 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.42 and a beta of 0.91. The firm has a 50 day moving average price of $357.95 and a 200-day moving average price of $322.84. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is 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.