KCM Investment Advisors LLC Takes Position in Aon plc (NYSE:AON)

KCM Investment Advisors LLC bought a new position in shares of Aon plc (NYSE:AON) in the 3rd quarter, Holdings Channel reports. The fund bought 609 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. Y.D. More Investments Ltd bought a new stake in shares of AON during the second quarter worth approximately $31,000. Diamond Hill Capital Management Inc. acquired a new position in AON in the 3rd quarter valued at $336,375,000. Vontobel Holding Ltd. increased its position in AON by 150.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after buying an additional 57,847 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of AON during the first quarter worth $906,000. Finally, Cetera Investment Advisers boosted its position in shares of AON by 255.5% in the first quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after acquiring an additional 13,977 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.8 %

Shares of AON opened at $379.29 on Friday. The stock has a market capitalization of $82.03 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.38 and a beta of 0.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21. 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 stock has a fifty day moving average of $359.12 and a 200-day moving average of $324.19.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 22.78%.

Analyst Ratings Changes

A number of brokerages have issued reports on AON. Evercore ISI increased their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Piper Sandler increased their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $359.19.

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.