KBC Group NV Grows Stake in Aon plc (NYSE:AON)

KBC Group NV increased its holdings in Aon plc (NYSE:AON) by 189.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,831 shares of the financial services provider’s stock after purchasing an additional 52,213 shares during the period. KBC Group NV’s holdings in AON were worth $27,621,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in shares of AON in the second quarter worth about $31,000. First Personal Financial Services purchased a new stake in shares of AON during the 3rd quarter worth approximately $37,000. Eastern Bank bought a new position in shares of AON during the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC purchased a new position in shares of AON in the second quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC increased its position in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.8 %

AON opened at $379.29 on Friday. Aon plc has a one year low of $268.06 and a one year high of $389.21. The company has a market cap of $82.03 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.42 and a beta of 0.91. 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 business’s fifty day moving average is $358.50 and its two-hundred day moving average is $323.21.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON’s payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AON shares. Piper Sandler lifted their price objective 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. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Jefferies Financial Group lifted their price objective on shares of 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 given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $359.19.

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.