UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 808,990 Shares of Aon plc (NYSE:AON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Aon plc (NYSE:AON - Free Report) by 334.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,050,537 shares of the financial services provider's stock after buying an additional 808,990 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.49% of AON worth $363,475,000 at the end of the most recent reporting period.

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 during the 2nd quarter worth about $31,000. First Personal Financial Services bought a new position in shares of AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON in the 3rd quarter valued at approximately $42,000. Eastern Bank bought a new stake in AON in the 3rd quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC bought a new position in shares of AON during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. Barclays increased their target price on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $335.00 target price on shares of AON in a research report on Monday, August 5th. Keefe, Bruyette & Woods upped their target price on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. TD Cowen boosted their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AON currently has an average rating of "Hold" and a consensus target price of $362.06.

AON Stock Performance

Shares of AON stock traded down $1.62 on Friday, hitting $391.69. The stock had a trading volume of 463,003 shares, compared to its average volume of 1,168,249. The stock has a market cap of $84.71 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.91. The business's 50 day moving average is $366.76 and its two-hundred day moving average is $330.95. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio is currently 22.78%.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

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.