Fortis Capital Management LLC decreased its stake in shares of Aon plc (NYSE:AON - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,547 shares of the financial services provider's stock after selling 1,503 shares during the period. Fortis Capital Management LLC's holdings in AON were worth $4,687,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in AON. Farallon Capital Management LLC grew its holdings in AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock worth $550,521,000 after acquiring an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of AON during the 3rd quarter valued at about $336,375,000. Veritas Asset Management LLP grew 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 worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Meritage Group LP acquired a new stake in AON during the first quarter valued at approximately $258,471,000. Finally, Bank of New York Mellon Corp grew its position in AON by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock worth $587,445,000 after buying an additional 548,563 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
NYSE:AON opened at $386.92 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $83.68 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.40 and a beta of 0.91. The stock's 50 day moving average price is $357.18 and its 200 day moving average price is $322.39. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, November 1st. AON's payout ratio is 22.78%.
A number of equities research analysts have recently commented on AON shares. Piper Sandler increased their price objective on AON from $312.00 to $335.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. BMO Capital Markets increased their price target on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the stock a "hold" rating in a report on Monday, August 26th. Wells Fargo & Company upgraded shares of AON from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $359.19.
Check Out Our Latest Stock Analysis on 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.
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