Aon plc (NYSE:AON) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aon plc (NYSE:AON) by 334.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,050,537 shares of the financial services provider’s stock after buying an additional 808,990 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AON were worth $363,475,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AON. Y.D. More Investments Ltd acquired a new stake in shares of AON in the 2nd quarter valued at approximately $31,000. First Personal Financial Services acquired a new stake in shares of AON in the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON in the 3rd quarter valued at approximately $42,000. Eastern Bank acquired a new stake in shares of AON in the 3rd quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of AON in the 2nd quarter valued at approximately $45,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AON has been the subject of several research analyst reports. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. BMO Capital Markets raised 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. Finally, Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $362.06.

AON Price Performance

Shares of NYSE:AON opened at $393.31 on Friday. The company has a market cap of $85.06 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.46 and a beta of 0.91. 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 52 week low of $268.06 and a 52 week high of $395.33. The business has a fifty day simple moving average of $365.87 and a 200-day simple moving average of $330.23.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

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.