Catalyst Capital Advisors LLC Invests $79,000 in Aon plc (NYSE:AON)

Catalyst Capital Advisors LLC purchased a new position in shares of Aon plc (NYSE:AON) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 228 shares of the financial services provider’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter worth about $31,000. Eastern Bank bought a new position in AON in the 3rd quarter worth about $43,000. Nemes Rush Group LLC bought a new position in AON in the 2nd quarter worth about $45,000. Bruce G. Allen Investments LLC boosted its stake 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 purchasing an additional 58 shares during the period. Finally, LRI Investments LLC bought a new position in AON in the 1st quarter worth about $55,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $381.18 on Thursday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business’s 50 day simple moving average is $354.11 and its two-hundred day simple moving average is $320.09. The stock has a market capitalization of $82.44 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. Aon plc has a one year low of $268.06 and a one year high of $389.21.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. Piper Sandler raised their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday. Finally, 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 research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, AON presently has an average rating of “Hold” and an average target price of $359.19.

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.