Aon plc (NYSE:AON) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aon plc (NYSE:AON) by 334.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,050,537 shares of the financial services provider’s stock after purchasing an additional 808,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.49% of AON worth $363,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its stake in shares of AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after purchasing an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake 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 last quarter. Veritas Asset Management LLP lifted its stake in shares of 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 valued at $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in shares of AON by 2.1% in the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after purchasing an additional 49,161 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 purchasing an additional 548,563 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.8 %

AON stock opened at $393.31 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The stock has a 50 day moving average of $365.87 and a two-hundred day moving average of $330.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $85.06 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.46 and a beta of 0.91.

AON Dividend Announcement

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. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s payout ratio is 22.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen increased their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $362.06.

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.