Brooklyn Investment Group Increases Holdings in Aon plc (NYSE:AON)

Brooklyn Investment Group raised its stake in Aon plc (NYSE:AON) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,592 shares of the financial services provider’s stock after purchasing an additional 305 shares during the quarter. Brooklyn Investment Group’s holdings in AON were worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farallon Capital Management LLC lifted its position in AON by 196.7% during the 2nd 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 in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON during the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP lifted its position in shares of AON by 41.6% during the third 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $587,445,000 after purchasing an additional 548,563 shares during the period. Finally, Stone Point Capital LLC acquired a new stake in AON during the 2nd quarter valued at $151,808,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $315.00 to $377.00 in a research report on Monday, October 28th. Evercore ISI increased their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Finally, Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. One research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $362.06.

AON Trading Up 0.9 %

Shares of AON stock opened at $389.72 on Tuesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $390.73. The firm has a market capitalization of $84.28 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91. The stock has a fifty day moving average of $363.24 and a two-hundred day moving average of $328.66. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.675 dividend. 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 dividend payout ratio is presently 22.78%.

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.