Radnor Capital Management LLC Grows Stock Position in Aon plc (NYSE:AON)

Radnor Capital Management LLC raised its stake in shares of Aon plc (NYSE:AON) by 8.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,712 shares of the financial services provider’s stock after buying an additional 793 shares during the period. Radnor Capital Management LLC’s holdings in AON were worth $3,706,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter valued at about $31,000. Eastern Bank purchased a new position in shares of AON in the 3rd quarter valued at about $43,000. Nemes Rush Group LLC purchased a new position in shares of AON in the 2nd quarter valued at about $45,000. Bruce G. Allen Investments LLC boosted its holdings in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in AON in the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AON shares. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday. Morgan Stanley lowered their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Jefferies Financial Group boosted 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 assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $359.19.

AON Trading Up 0.8 %

AON opened at $368.70 on Wednesday. The stock has a market capitalization of $79.74 billion, a PE ratio of 31.11, a P/E/G ratio of 2.29 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a one year low of $268.06 and a one year high of $389.21. The business’s 50 day moving average price is $353.27 and its 200 day moving average price is $319.66.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is 22.78%.

AON 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.