Townsquare Capital LLC Purchases 284 Shares of Aon plc (NYSE:AON)

Townsquare Capital LLC lifted its position in shares of Aon plc (NYSE:AON) by 2.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,050 shares of the financial services provider’s stock after acquiring an additional 284 shares during the period. Townsquare Capital LLC’s holdings in AON were worth $4,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in shares of AON in the 2nd quarter worth about $31,000. Diamond Hill Capital Management Inc. purchased a new position in shares of AON during the third quarter valued at approximately $336,375,000. Vontobel Holding Ltd. boosted its position in shares of AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares in the last quarter. Cetera Investment Advisers increased its position in AON by 255.5% during the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after buying an additional 13,977 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in AON by 5.0% during the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock valued at $33,979,000 after buying an additional 4,666 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.8 %

Shares of NYSE:AON opened at $393.31 on Friday. The stock’s 50-day simple moving average is $365.87 and its two-hundred day simple moving average is $330.23. The stock has a market capitalization of $85.06 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.46 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. 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 Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s dividend payout ratio (DPR) is 22.78%.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, TD Cowen increased their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company 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.