Aon plc (NYSE:AON) Stock Holdings Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in shares of Aon plc (NYSE:AON) by 55.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,808 shares of the financial services provider’s stock after buying an additional 999 shares during the period. TD Private Client Wealth LLC’s holdings in AON were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Farallon Capital Management LLC lifted its stake in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after acquiring an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of AON during the 3rd quarter valued at about $336,375,000. Veritas Asset Management LLP raised its holdings in shares of AON by 41.6% in the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in AON by 37.8% in the second 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 last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Keefe, Bruyette & Woods lifted their target price on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, TD Cowen increased their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Stock Performance

Shares of AON opened at $361.20 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. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The firm has a fifty day simple moving average of $371.79 and a 200 day simple moving average of $336.92. The stock has a market capitalization of $78.12 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.28 and a beta of 0.91.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 0.75%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Activity

In other AON news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.