Boussard & Gavaudan Investment Management LLP Buys New Shares in Aon plc (NYSE:AON)

Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Aon plc (NYSE:AON) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 34,764 shares of the financial services provider’s stock, valued at approximately $11,990,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Valley Wealth Managers Inc. grew its holdings in shares of AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares during the last quarter. CVA Family Office LLC lifted its position in shares of AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC lifted its position in shares of AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC lifted its position in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 31 shares during the period. Finally, waypoint wealth counsel lifted its position in AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 32 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $393.42 on Thursday. The company has a 50 day moving average price of $364.94 and a 200-day moving average price of $329.79. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a market capitalization of $85.08 billion, a PE ratio of 33.20, a P/E/G ratio of 2.44 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is 22.78%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. One investment 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’s stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $362.06.

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.