Gulf International Bank UK Ltd Has $5.19 Million Holdings in Aon plc (NYSE:AON)

Gulf International Bank UK Ltd lowered its holdings in Aon plc (NYSE:AON) by 4.6% in the third quarter, Holdings Channel reports. The firm owned 15,007 shares of the financial services provider’s stock after selling 722 shares during the quarter. Gulf International Bank UK Ltd’s holdings in AON were worth $5,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FSM Wealth Advisors LLC bought a new position in shares of AON in the 3rd quarter valued at about $222,000. Catalyst Capital Advisors LLC bought a new position in AON in the third quarter valued at approximately $79,000. World Equity Group Inc. increased its position in shares of AON by 17.6% during the 3rd quarter. World Equity Group Inc. now owns 1,337 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 200 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of AON by 4.3% in the 3rd quarter. QRG Capital Management Inc. now owns 6,476 shares of the financial services provider’s stock valued at $2,241,000 after buying an additional 269 shares during the last quarter. Finally, National Pension Service grew its stake in shares of AON by 6.5% in the third quarter. National Pension Service now owns 394,556 shares of the financial services provider’s stock valued at $136,512,000 after buying an additional 23,913 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE AON opened at $368.70 on Wednesday. The stock has a market capitalization of $79.74 billion, a PE ratio of 31.11, a P/E/G ratio of 2.29 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average price of $353.27 and a two-hundred day moving average price of $319.66.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s payout ratio is 22.78%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Finally, TD Cowen raised their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $359.19.

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.