Banque Cantonale Vaudoise Sells 3,250 Shares of Aon plc (NYSE:AON)

Banque Cantonale Vaudoise lessened its position in Aon plc (NYSE:AON - Free Report) by 34.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,264 shares of the financial services provider's stock after selling 3,250 shares during the period. Banque Cantonale Vaudoise's holdings in AON were worth $2,167,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AON. Farallon Capital Management LLC grew its position in AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock valued at $550,521,000 after buying an additional 1,243,200 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in AON during the third quarter worth about $336,375,000. Veritas Asset Management LLP lifted its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock valued at $587,445,000 after purchasing an additional 548,563 shares in the last quarter. Finally, Stone Point Capital LLC acquired a new position in shares of AON in the 2nd quarter worth approximately $151,808,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 0.2 %

Shares of AON stock opened at $380.08 on Thursday. The firm has a market cap of $82.20 billion, a price-to-earnings ratio of 32.07, a P/E/G ratio of 2.38 and a beta of 0.91. The stock has a 50-day simple moving average of $360.99 and a 200-day simple moving average of $326.26. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio is 22.78%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Keefe, Bruyette & Woods lifted 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. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research report on Monday, August 26th. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Finally, Piper Sandler raised their target price on shares of AON from $312.00 to $335.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AON presently has an average rating of "Hold" and an average price target 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.