Glenmede Trust Co. NA Raises Stake in Aon plc (NYSE:AON)

Glenmede Trust Co. NA grew its holdings in Aon plc (NYSE:AON) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,386 shares of the financial services provider’s stock after acquiring an additional 3,205 shares during the period. Glenmede Trust Co. NA’s holdings in AON were worth $11,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in shares of AON during the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new stake in AON during the third quarter worth $37,000. Eastern Bank acquired a new stake in AON during the third quarter valued at $43,000. Nemes Rush Group LLC purchased a new position in AON in the second quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

AON stock opened at $391.69 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. The company has a 50-day moving average price of $366.76 and a 200 day moving average price of $330.95. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The stock has a market cap of $84.71 billion, a P/E ratio of 33.05, a PEG ratio of 2.46 and a beta of 0.91.

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 given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is presently 22.78%.

Insider Activity at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the company’s 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 transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of analyst reports. TD Cowen upped their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $362.06.

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.