Mizuho Securities USA LLC Buys 7,221 Shares of Aon plc (NYSE:AON)

Mizuho Securities USA LLC grew its stake in shares of Aon plc (NYSE:AON) by 43.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter valued at $31,000. Diamond Hill Capital Management Inc. purchased a new position in AON during the third quarter worth about $336,375,000. Vontobel Holding Ltd. increased its stake 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 acquiring an additional 57,847 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of AON in the 1st quarter valued at about $906,000. Finally, Cetera Investment Advisers boosted its position in shares of AON by 255.5% during the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock valued at $6,490,000 after acquiring an additional 13,977 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AON. Keefe, Bruyette & Woods raised their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler lifted their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group increased their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $359.19.

AON Trading Up 0.8 %

NYSE AON opened at $379.29 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The stock has a market cap of $82.03 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. The stock has a 50 day simple moving average of $359.12 and a two-hundred day simple moving average of $324.19.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is currently 22.78%.

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.