34,764 Shares in Aon plc (NYSE:AON) Bought by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Aon plc (NYSE:AON - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,764 shares of the financial services provider's stock, valued at approximately $11,990,000.

Several other hedge funds also recently added to or reduced their stakes in AON. Jacobs Levy Equity Management Inc. acquired a new position in AON in the first quarter valued at about $1,920,000. B. Riley Wealth Advisors Inc. increased its holdings in AON by 56.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider's stock valued at $523,000 after purchasing an additional 583 shares during the last quarter. Hancock Whitney Corp raised its position in AON by 7.6% in the first quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider's stock valued at $312,000 after purchasing an additional 66 shares during the period. LRI Investments LLC purchased a new position in shares of AON during the first quarter worth $125,000. Finally, Swedbank AB acquired a new stake in shares of AON in the first quarter valued at $34,788,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON traded up $3.06 during midday trading on Thursday, reaching $393.31. 620,308 shares of the stock were exchanged, compared to its average volume of 1,087,145. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. 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 company has a market capitalization of $85.06 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.44 and a beta of 0.91. The business's 50-day moving average price is $364.94 and its 200 day moving average price is $329.79.

AON Announces Dividend

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

Wall Street Analyst Weigh In

AON has been the subject of a number of research analyst reports. Evercore ISI raised their target price on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. Royal Bank of Canada restated a "sector perform" rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. Finally, Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $362.06.

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.