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Mizuho Securities USA LLC Has $8.30 Million Stake in Aon plc (NYSE:AON)

AON logo with Finance background

Mizuho Securities USA LLC increased its position in shares of Aon plc (NYSE:AON - Free Report) by 43.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,986 shares of the financial services provider's stock after acquiring an additional 7,221 shares during the quarter. Mizuho Securities USA LLC's holdings in AON were worth $8,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Farallon Capital Management LLC grew its position in shares of AON by 196.7% during the 2nd 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 period. Diamond Hill Capital Management Inc. acquired a new stake in shares of AON during the third quarter worth $336,375,000. Veritas Asset Management LLP lifted its stake in AON by 41.6% in the third 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 buying an additional 883,761 shares during the period. Meritage Group LP bought a new position in AON during the first quarter worth about $258,471,000. Finally, Bank of New York Mellon Corp grew 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 worth $587,445,000 after buying an additional 548,563 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays assumed coverage on shares of AON in a research note on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price objective on the stock. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Jefferies Financial Group increased their price target on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. TD Cowen boosted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $359.19.

Check Out Our Latest Research Report on AON

AON Stock Performance

AON stock traded up $2.96 during midday trading on Friday, reaching $379.29. 1,790,388 shares of the company's stock were exchanged, compared to its average volume of 1,121,539. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21. The firm has a market cap of $82.03 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 0.91. The stock's 50-day simple moving average is $359.12 and its 200 day simple moving average is $324.19. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. 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%.

About AON

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AON (NYSE:AON)

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