Blueshift Asset Management LLC Invests $640,000 in Aon plc (NYSE:AON)

Blueshift Asset Management LLC bought a new stake in Aon plc (NYSE:AON) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,850 shares of the financial services provider’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after purchasing an additional 309,702 shares during the period. Mawer Investment Management Ltd. raised its stake in AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after acquiring an additional 52,099 shares during the period. Veritas Asset Management LLP boosted its position in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. Independent Franchise Partners LLP raised its position in shares of AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after purchasing an additional 49,161 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after buying an additional 548,563 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. Keefe, Bruyette & Woods lifted their target price on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $362.06.

AON Stock Performance

AON stock opened at $393.42 on Thursday. The stock has a market cap of $85.08 billion, a PE ratio of 33.20, a P/E/G ratio of 2.44 and a beta of 0.91. 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 $395.33. The business’s 50-day moving average price is $364.94 and its two-hundred day moving average price is $329.79.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio 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.