YCG LLC raised its holdings in Aon plc (NYSE:AON - Free Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,372 shares of the financial services provider's stock after acquiring an additional 8,487 shares during the quarter. AON comprises 4.0% of YCG LLC's portfolio, making the stock its 9th largest position. YCG LLC owned approximately 0.07% of AON worth $51,681,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Envestnet Portfolio Solutions Inc. boosted its stake in AON by 2.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,724 shares of the financial services provider's stock valued at $3,913,000 after acquiring an additional 234 shares during the last quarter. Empowered Funds LLC boosted its position in shares of AON by 17.4% during the first quarter. Empowered Funds LLC now owns 2,915 shares of the financial services provider's stock worth $973,000 after purchasing an additional 432 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of AON during the first quarter worth $214,000. KCM Investment Advisors LLC bought a new position in shares of AON during the first quarter worth $202,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of AON during the first quarter worth $5,103,000. 86.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AON. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Barclays started coverage on shares of AON in a research report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price target on the stock. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, AON currently has a consensus rating of "Hold" and a consensus target price of $359.19.
View Our Latest Research Report on AON
AON Stock Up 1.0 %
AON stock traded up $3.91 during midday trading on Friday, hitting $383.78. The company's stock had a trading volume of 776,804 shares, compared to its average volume of 1,034,479. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The company's fifty day moving average price is $355.63 and its 200 day moving average price is $321.07. The stock has a market capitalization of $83.00 billion, a P/E ratio of 32.39, a PEG ratio of 2.41 and a beta of 0.91.
AON Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 0.70%. AON's dividend payout ratio is presently 22.78%.
AON Company Profile
(
Free Report)
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.
Featured Articles
Before you consider AON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AON wasn't on the list.
While AON currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
