Crestwood Advisors Group LLC Acquires 8,779 Shares of Aon plc (NYSE:AON)

Crestwood Advisors Group LLC raised its holdings in shares of Aon plc (NYSE:AON) by 915.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,738 shares of the financial services provider’s stock after purchasing an additional 8,779 shares during the quarter. Crestwood Advisors Group LLC’s holdings in AON were worth $3,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in shares of AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares during the last quarter. Veritas Asset Management LLP lifted its position in shares of 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 last quarter. Finally, Sustainable Growth Advisers LP raised its holdings in shares of AON by 4.7% in the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after acquiring an additional 127,173 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AON shares. Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Piper Sandler lifted their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $359.19.

AON Price Performance

Shares of AON stock opened at $368.70 on Wednesday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The firm has a market capitalization of $79.74 billion, a price-to-earnings ratio of 31.11, a PEG 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. The stock’s 50-day simple moving average is $353.27 and its 200-day simple moving average is $319.66.

AON Announces Dividend

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

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.