972,211 Shares in Aon plc (NYSE:AON) Acquired by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. bought a new stake in Aon plc (NYSE:AON - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 972,211 shares of the financial services provider's stock, valued at approximately $336,375,000. Diamond Hill Capital Management Inc. owned 0.45% of AON at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in AON in the second quarter valued at approximately $31,000. First Personal Financial Services acquired a new position in AON in the third quarter worth about $37,000. Eastern Bank bought a new stake in AON during the third quarter valued at $43,000. Nemes Rush Group LLC acquired a new stake in shares of AON during the 2nd quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC grew its holdings in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider's stock worth $49,000 after buying an additional 58 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON traded up $2.16 during trading on Monday, reaching $385.94. The stock had a trading volume of 228,526 shares, compared to its average volume of 1,170,604. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The business has a 50-day moving average of $355.63 and a 200-day moving average of $321.16. Aon plc has a one year low of $268.06 and a one year high of $389.21. The stock has a market cap of $83.47 billion, a PE ratio of 32.39, a PEG ratio of 2.41 and a beta of 0.91.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, November 1st. AON's dividend payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AON shares. Keefe, Bruyette & Woods upped their target price on AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Piper Sandler boosted their target price on AON from $312.00 to $335.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. TD Cowen lifted their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday, November 4th. Finally, Bank of America upped 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 analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.