KBC Group NV Raises Stock Position in Aon plc (NYSE:AON)

KBC Group NV boosted its stake in Aon plc (NYSE:AON) by 189.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,831 shares of the financial services provider’s stock after acquiring an additional 52,213 shares during the quarter. KBC Group NV’s holdings in AON were worth $27,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC bought a new stake in AON in the 3rd quarter valued at about $200,000. Oppenheimer Asset Management Inc. increased its holdings in shares of AON by 1.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,405 shares of the financial services provider’s stock valued at $4,638,000 after buying an additional 224 shares in the last quarter. Hartline Investment Corp lifted its holdings in shares of AON by 11.2% during the third quarter. Hartline Investment Corp now owns 2,653 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 268 shares during the last quarter. Haverford Trust Co boosted its holdings in shares of AON by 0.3% in the third quarter. Haverford Trust Co now owns 337,040 shares of the financial services provider’s stock worth $116,612,000 after buying an additional 1,090 shares during the period. Finally, Accredited Investors Inc. grew its holdings in shares of AON by 5,694.5% during the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after buying an additional 238,258 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AON. Piper Sandler raised their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $359.19.

AON Stock Performance

Shares of AON stock opened at $379.29 on Friday. The firm’s 50-day simple moving average is $358.50 and its two-hundred day simple moving average is $323.21. Aon plc has a 52 week low of $268.06 and a 52 week high of $389.21. The firm has a market cap of $82.03 billion, a price-to-earnings ratio of 32.01, a P/E/G 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.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s dividend payout ratio (DPR) is 22.78%.

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.