Arthur M. Cohen & Associates LLC Has $1.28 Million Stock Position in Aon plc (NYSE:AON)

Arthur M. Cohen & Associates LLC lessened its holdings in Aon plc (NYSE:AON) by 3.2% during the third quarter, HoldingsChannel reports. The fund owned 3,670 shares of the financial services provider’s stock after selling 122 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in AON were worth $1,279,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of AON by 0.4% in the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after buying an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after acquiring an additional 52,099 shares in the last quarter. Veritas Asset Management LLP boosted its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Finally, Sustainable Growth Advisers LP raised its holdings in shares of AON by 4.7% in the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after purchasing an additional 127,173 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent analyst reports. Barclays assumed coverage on shares of AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Bank of America boosted their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Evercore ISI raised their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $359.19.

AON Trading Up 0.3 %

Shares of AON opened at $365.64 on Tuesday. The business’s 50-day moving average price is $352.71 and its 200-day moving average price is $319.24. 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 plc has a twelve month low of $268.06 and a twelve month high of $389.21. The stock has a market cap of $79.08 billion, a PE ratio of 30.86, a P/E/G ratio of 2.29 and a beta of 0.91.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is 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.