Great Lakes Advisors LLC lifted its stake in Aon plc (NYSE:AON – Free Report) by 64.5% during the second quarter, Holdings Channel reports. The institutional investor owned 12,934 shares of the financial services provider’s stock after acquiring an additional 5,070 shares during the quarter. Great Lakes Advisors LLC’s holdings in AON were worth $4,465,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. BlackRock Inc. increased its holdings in shares of AON by 1.5% during the 1st quarter. BlackRock Inc. now owns 13,947,244 shares of the financial services provider’s stock valued at $4,397,426,000 after purchasing an additional 210,313 shares in the last quarter. WCM Investment Management LLC raised its position in shares of AON by 0.7% in the second quarter. WCM Investment Management LLC now owns 5,033,579 shares of the financial services provider’s stock worth $1,737,592,000 after acquiring an additional 37,097 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of AON by 106,777.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock worth $845,578,000 after acquiring an additional 2,814,643 shares in the last quarter. Sustainable Growth Advisers LP grew its position in shares of AON by 41.8% during the 2nd quarter. Sustainable Growth Advisers LP now owns 2,547,402 shares of the financial services provider’s stock valued at $879,363,000 after acquiring an additional 751,015 shares during the period. Finally, GQG Partners LLC increased its stake in shares of AON by 1.7% in the 1st quarter. GQG Partners LLC now owns 2,237,353 shares of the financial services provider’s stock valued at $705,415,000 after purchasing an additional 36,505 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.
AON Price Performance
NYSE:AON opened at $331.20 on Tuesday. The stock has a 50 day moving average price of $326.89 and a 200 day moving average price of $327.21. The stock has a market cap of $66.31 billion, a PE ratio of 25.19, a P/E/G ratio of 2.08 and a beta of 0.93. The company has a debt-to-equity ratio of 61.66, a quick ratio of 1.41 and a current ratio of 1.41. Aon plc has a one year low of $280.89 and a one year high of $347.37.
AON Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.615 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.74%. AON’s dividend payout ratio (DPR) is 18.71%.
Wall Street Analyst Weigh In
Several brokerages have commented on AON. Deutsche Bank Aktiengesellschaft initiated coverage on AON in a report on Wednesday, October 4th. They issued a “hold” rating and a $361.00 price objective on the stock. Royal Bank of Canada reduced their price objective on shares of AON from $352.00 to $342.00 and set a “sector perform” rating for the company in a research report on Monday, October 30th. Piper Sandler dropped their target price on shares of AON from $322.00 to $318.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Jefferies Financial Group upped their price target on shares of AON from $331.00 to $339.00 in a research report on Friday, October 6th. Finally, Bank of America lifted their price objective on AON from $365.00 to $380.00 in a report on Sunday, July 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $344.08.
Insider Transactions at AON
In other AON news, Director Byron Spruell acquired 800 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average cost of $324.57 per share, for a total transaction of $259,656.00. Following the completion of the transaction, the director now owns 4,001 shares of the company’s stock, valued at approximately $1,298,604.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.
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