Cantillon Capital Management LLC Has $455.40 Million Stock Holdings in Aon plc (NYSE:AON)

Cantillon Capital Management LLC increased its stake in Aon plc (NYSE:AON) by 15.6% during the third quarter, Holdings Channel reports. The firm owned 1,316,218 shares of the financial services provider’s stock after acquiring an additional 177,956 shares during the period. AON makes up approximately 2.8% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Cantillon Capital Management LLC’s holdings in AON were worth $455,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Y.D. More Investments Ltd bought a new stake in shares of AON during the 2nd quarter worth $31,000. First Personal Financial Services bought a new position in shares of AON in the third quarter worth about $37,000. Eastern Bank bought a new stake in shares of AON during the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC bought a new position in AON in the 2nd quarter valued at approximately $45,000. Finally, LRI Investments LLC bought a new stake in shares of AON during the first quarter worth $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Evercore ISI increased their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Barclays started coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $359.19.

AON Price Performance

AON stock opened at $380.44 on Tuesday. 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 $82.28 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 2.38 and a beta of 0.91. The firm’s fifty day moving average is $359.72 and its 200 day moving average is $325.18. 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 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 given a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON’s dividend payout ratio is currently 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.