World Equity Group Inc. Acquires 200 Shares of Aon plc (NYSE:AON)

World Equity Group Inc. grew its stake in Aon plc (NYSE:AON) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. World Equity Group Inc.’s holdings in AON were worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after buying an additional 309,702 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of AON by 1.2% in the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after buying an additional 52,099 shares during the last quarter. Veritas Asset Management LLP boosted its stake in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the period. Finally, Sustainable Growth Advisers LP raised its stake in AON by 4.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after acquiring an additional 127,173 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AON. Keefe, Bruyette & Woods upped their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Barclays started coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $359.19.

AON Price Performance

AON stock traded down $0.79 during midday trading on Monday, reaching $363.63. The company’s stock had a trading volume of 49,349 shares, compared to its average volume of 1,172,446. The business has a 50-day moving average price of $352.15 and a 200-day moving average price of $318.84. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21. The company has a current ratio of 2.05, a quick ratio of 2.42 and a debt-to-equity ratio of 2.66. The stock has a market cap of $78.64 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91.

AON Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.74%. AON’s payout ratio is presently 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.