Mizuho Securities USA LLC Decreases Stake in Aon plc (NYSE:AON)

Mizuho Securities USA LLC lessened its stake in shares of Aon plc (NYSE:AON) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,087 shares of the financial services provider’s stock after selling 2,678 shares during the quarter. Mizuho Securities USA LLC’s holdings in AON were worth $4,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings 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 worth $3,685,183,000 after acquiring an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of AON by 1.2% in the 2nd 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 purchasing an additional 52,099 shares during the period. Veritas Asset Management LLP boosted its stake in AON by 41.6% in 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 purchasing an additional 883,761 shares during the period. Independent Franchise Partners LLP boosted its position in AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after acquiring an additional 49,161 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in AON by 37.8% in the 2nd 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 period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Jefferies Financial Group increased their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler upped their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Trading Up 0.8 %

Shares of AON opened at $383.04 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. 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 fifty day simple moving average of $361.69 and a two-hundred day simple moving average of $326.65. The stock has a market capitalization of $82.84 billion, a P/E ratio of 32.32, a PEG ratio of 2.38 and a beta of 0.91.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON’s dividend payout ratio is currently 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.