Nomura Asset Management Co. Ltd. Acquires 20,084 Shares of Aon plc (NYSE:AON)

Nomura Asset Management Co. Ltd. increased its stake in Aon plc (NYSE:AON - Free Report) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,741 shares of the financial services provider's stock after purchasing an additional 20,084 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.08% of AON worth $57,345,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AON. Farallon Capital Management LLC boosted its holdings in shares of AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock worth $550,521,000 after buying an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in AON in the third quarter worth approximately $336,375,000. Veritas Asset Management LLP boosted its stake in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock worth $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock worth $587,445,000 after purchasing an additional 548,563 shares during the period. Institutional investors own 86.14% of the company's stock.

Insider Activity

In other news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares of the company's stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a report on Monday, August 26th. Jefferies Financial Group lifted their price target on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, Bank of America lifted their target price 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AON has an average rating of "Hold" and an average target price of $362.06.

AON Price Performance

NYSE:AON traded down $6.57 during trading hours on Tuesday, reaching $361.33. The stock had a trading volume of 1,112,062 shares, compared to its average volume of 1,174,934. The stock has a market capitalization of $78.14 billion, a PE ratio of 30.49, a PEG ratio of 2.37 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 50 day moving average price of $370.70 and a two-hundred day moving average price of $335.42. 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. Stockholders of record on Friday, November 1st were issued a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. AON's dividend payout ratio (DPR) is presently 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.