Mizuho Securities USA LLC Sells 2,678 Shares of Aon plc (NYSE:AON)

Mizuho Securities USA LLC lessened its holdings in Aon plc (NYSE:AON) by 16.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the 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 reporting period.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter worth about $31,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the 3rd quarter valued at approximately $336,375,000. Vontobel Holding Ltd. raised its position in AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares during the period. Cetera Investment Advisers boosted its stake in AON by 255.5% during the first quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock worth $6,490,000 after buying an additional 13,977 shares during the period. Finally, Artemis Investment Management LLP lifted its stake in AON by 5.0% during the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock worth $33,979,000 after purchasing an additional 4,666 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $383.04 on Friday. The business has a 50-day moving average of $361.69 and a two-hundred day moving average of $326.65. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick 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 capitalization of $82.84 billion, a P/E ratio of 32.32, a P/E/G ratio of 2.38 and a beta of 0.91.

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 paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.70%. AON’s dividend payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AON shares. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. Keefe, Bruyette & Woods increased their price target on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. 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. According to MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $362.06.

About AON

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.