Aon plc (NYSE:AON) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in Aon plc (NYSE:AON) by 56.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,994 shares of the financial services provider’s stock after purchasing an additional 13,373 shares during the period. Cerity Partners LLC’s holdings in AON were worth $12,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Farallon Capital Management LLC increased its position in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after acquiring an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of AON in the third quarter valued at about $336,375,000. Veritas Asset Management LLP raised its stake in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Bank of New York Mellon Corp boosted its position in AON by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after buying an additional 548,563 shares during the last quarter. Finally, Stone Point Capital LLC acquired a new position in AON in the 2nd quarter worth approximately $151,808,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.0 %

AON stock opened at $390.07 on Tuesday. Aon plc has a 52 week low of $268.06 and a 52 week high of $390.73. 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 firm has a 50-day simple moving average of $363.24 and a 200-day simple moving average of $328.66. The stock has a market capitalization of $84.36 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.42 and a beta of 0.91.

AON Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on AON. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Piper Sandler upped their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays lifted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their price objective on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AON has an average rating of “Hold” and a consensus price target of $362.06.

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.