Vinva Investment Management Ltd Lowers Stock Holdings in Aon plc (NYSE:AON)

Vinva Investment Management Ltd cut its position in shares of Aon plc (NYSE:AON) by 21.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,283 shares of the financial services provider’s stock after selling 2,302 shares during the quarter. Vinva Investment Management Ltd’s holdings in AON were worth $2,880,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AON. Y.D. More Investments Ltd bought a new position in AON during the second quarter valued at approximately $31,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the 3rd quarter valued at $336,375,000. Vontobel Holding Ltd. raised its position in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after purchasing an additional 57,847 shares during the period. Cetera Investment Advisers boosted its position in AON by 255.5% during the first quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after buying an additional 13,977 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in shares of AON by 5.0% in the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock worth $33,979,000 after buying an additional 4,666 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of several recent research reports. Evercore ISI raised their price target on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Bank of America lifted their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, BMO Capital Markets increased their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Stock Up 0.8 %

Shares of NYSE:AON opened at $393.31 on Friday. The firm has a market capitalization 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 debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a 50 day moving average price of $365.87 and a 200-day moving average price of $330.23. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33.

AON Dividend Announcement

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