Bowie Capital Management LLC Has $91.13 Million Stock Holdings in Aon plc (NYSE:AON)

Bowie Capital Management LLC boosted its position in shares of Aon plc (NYSE:AON) by 0.3% in the third quarter, Holdings Channel reports. The fund owned 263,381 shares of the financial services provider’s stock after acquiring an additional 900 shares during the period. AON accounts for 4.7% of Bowie Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Bowie Capital Management LLC’s holdings in AON were worth $91,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Valley Wealth Managers Inc. increased its holdings in shares of AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 28 shares during the period. CVA Family Office LLC grew its position in AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after buying an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC increased its stake in AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 31 shares during the period. Intellectus Partners LLC raised its holdings in AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 31 shares in the last quarter. Finally, waypoint wealth counsel lifted its position in shares of AON by 3.6% in the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 32 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

NYSE:AON traded up $2.32 during mid-day trading on Monday, reaching $388.53. 24,269 shares of the company were exchanged, compared to its average volume of 1,166,324. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market cap of $84.03 billion, a PE ratio of 32.59, a PEG ratio of 2.42 and a beta of 0.91. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The company has a fifty day moving average of $362.45 and a 200 day moving average of $327.94.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent research reports. Evercore ISI upped their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $362.06.

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.