KBC Group NV Acquires 52,213 Shares of Aon plc (NYSE:AON)

KBC Group NV boosted its holdings in Aon plc (NYSE:AON - Free Report) by 189.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,831 shares of the financial services provider's stock after acquiring an additional 52,213 shares during the quarter. KBC Group NV's holdings in AON were worth $27,621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider's stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA boosted its position in AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock valued at $1,293,449,000 after purchasing an additional 52,099 shares during the period. Veritas Asset Management LLP lifted its stake in shares of 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 worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. Finally, Independent Franchise Partners LLP boosted its holdings in shares of AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider's stock worth $707,390,000 after buying an additional 49,161 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AON shares. Evercore ISI lifted their price target on shares of AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Barclays initiated coverage on AON in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $394.00 price target for the company. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. Piper Sandler lifted their price target on shares of AON from $312.00 to $335.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Finally, Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $359.19.

AON Trading Up 0.8 %

AON traded up $2.96 on Friday, hitting $379.29. The company had a trading volume of 1,790,388 shares, compared to its average volume of 1,121,539. The business's fifty day simple moving average is $359.12 and its 200 day simple moving average is $323.90. 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 12-month low of $268.06 and a 12-month high of $389.21. The company has a market cap of $82.03 billion, a PE ratio of 32.01, a PEG ratio of 2.36 and a beta of 0.91.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON's payout ratio is presently 22.78%.

AON 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.