Veritas Asset Management LLP Has $1.04 Billion Stake in Aon plc (NYSE:AON)

Veritas Asset Management LLP raised its position in Aon plc (NYSE:AON - Free Report) by 41.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,010,557 shares of the financial services provider's stock after purchasing an additional 883,761 shares during the period. AON accounts for approximately 7.7% of Veritas Asset Management LLP's portfolio, making the stock its 4th largest position. Veritas Asset Management LLP owned 1.39% of AON worth $1,041,623,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pure Financial Advisors LLC lifted its position in shares of AON by 10.8% during the 3rd quarter. Pure Financial Advisors LLC now owns 10,093 shares of the financial services provider's stock valued at $3,492,000 after acquiring an additional 986 shares during the period. Farther Finance Advisors LLC raised its stake in AON by 19.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider's stock worth $324,000 after buying an additional 154 shares during the period. Dash Acquisitions Inc. increased its holdings in shares of AON by 6.6% during the third quarter. Dash Acquisitions Inc. now owns 21,618 shares of the financial services provider's stock valued at $8,116,000 after acquiring an additional 1,333 shares in the last quarter. Americana Partners LLC increased its stake in AON by 5.8% during the 3rd quarter. Americana Partners LLC now owns 2,050 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 113 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in shares of AON by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,092 shares of the financial services provider's stock valued at $378,000 after buying an additional 40 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on AON shares. Barclays started coverage on AON in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $394.00 price objective for the company. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $315.00 to $377.00 in a research report on Monday, October 28th. Jefferies Financial Group boosted their price objective on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Bank of America lifted their target price on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Finally, TD Cowen lifted their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AON currently has an average rating of "Hold" and a consensus target price of $355.75.

AON Price Performance

AON traded down $1.77 on Friday, reaching $364.42. The company had a trading volume of 734,473 shares, compared to its average volume of 1,008,593. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.42 and a current ratio of 2.05. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a market cap of $78.81 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.31 and a beta of 0.91. The business has a 50 day simple moving average of $352.15 and a 200 day simple moving average of $318.84.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 1st. AON's dividend payout ratio (DPR) is currently 22.78%.

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.