Daiwa Securities Group Inc. Has $8.65 Million Position in Aon plc (NYSE:AON)

Daiwa Securities Group Inc. lifted its position in Aon plc (NYSE:AON) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,997 shares of the financial services provider’s stock after purchasing an additional 2,478 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AON were worth $8,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AON. Y.D. More Investments Ltd bought a new position in shares of AON in the second quarter valued at approximately $31,000. First Personal Financial Services bought a new position in shares of AON in the third quarter valued at approximately $37,000. Eastern Bank bought a new position in AON in the 3rd quarter worth approximately $43,000. Nemes Rush Group LLC bought a new position in AON in the 2nd quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AON shares. Evercore ISI raised their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Piper Sandler boosted their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One equities 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $362.06.

AON Stock Performance

Shares of AON stock opened at $390.07 on Tuesday. Aon plc has a 12 month low of $268.06 and a 12 month high of $390.73. The company’s fifty day simple moving average is $363.24 and its 200-day simple moving average is $328.66. The firm has a market cap of $84.36 billion, a PE ratio of 32.92, a P/E/G ratio of 2.42 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 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. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

AON Company 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.