Mizuho Securities USA LLC Has $8.30 Million Stock Position in Aon plc (NYSE:AON)

Mizuho Securities USA LLC raised its position in Aon plc (NYSE:AON) by 43.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 23,986 shares of the financial services provider’s stock after acquiring an additional 7,221 shares during the period. Mizuho Securities USA LLC’s holdings in AON were worth $8,299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in AON by 5.5% during the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after buying an additional 38 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of AON in the 1st quarter worth about $906,000. Catalytic Wealth RIA LLC boosted its stake in AON by 17.6% during the 1st quarter. Catalytic Wealth RIA LLC now owns 1,037 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 155 shares during the last quarter. Davis R M Inc. raised its stake in shares of AON by 1.0% in the first quarter. Davis R M Inc. now owns 115,503 shares of the financial services provider’s stock worth $38,546,000 after purchasing an additional 1,170 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of AON by 0.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,338 shares of the financial services provider’s stock valued at $9,123,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

NYSE AON opened at $379.29 on Friday. The company has a market cap of $82.03 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.38 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. The firm’s 50-day simple moving average is $359.12 and its two-hundred day simple moving average is $324.19. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods increased their price target on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. 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 company. According to MarketBeat, AON currently has an average rating of “Hold” and a consensus target price of $359.19.

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.