Vinva Investment Management Ltd Cuts Position in Aon plc (NYSE:AON)

Vinva Investment Management Ltd trimmed its holdings in shares of Aon plc (NYSE:AON) by 21.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,283 shares of the financial services provider’s stock after selling 2,302 shares during the quarter. Vinva Investment Management Ltd’s holdings in AON were worth $2,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares during the period. Public Sector Pension Investment Board increased its holdings in AON by 3.0% during the third quarter. Public Sector Pension Investment Board now owns 37,929 shares of the financial services provider’s stock worth $13,123,000 after buying an additional 1,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AON by 3.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,606 shares of the financial services provider’s stock worth $26,159,000 after acquiring an additional 2,435 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new position in AON in the third quarter valued at about $11,990,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of AON during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AON shares. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $362.06.

AON Price Performance

NYSE:AON opened at $393.31 on Friday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The stock has a fifty day moving average of $365.87 and a 200 day moving average of $330.23. 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 firm has a market capitalization of $85.06 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.46 and a beta of 0.91.

AON Dividend Announcement

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

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.