Landscape Capital Management L.L.C. Boosts Holdings in Aon plc (NYSE:AON)

Landscape Capital Management L.L.C. boosted its position in shares of Aon plc (NYSE:AON) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,789 shares of the financial services provider’s stock after purchasing an additional 320 shares during the period. Landscape Capital Management L.L.C.’s holdings in AON were worth $1,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in shares of AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of AON by 1.2% in 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 purchasing an additional 52,099 shares in the last quarter. Veritas Asset Management LLP grew its position in shares of AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after buying an additional 883,761 shares in the last quarter. Independent Franchise Partners LLP increased its stake in shares of AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after buying an additional 49,161 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in AON by 37.8% in the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after acquiring an additional 548,563 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. Deutsche Bank Aktiengesellschaft upped their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Bank of America increased their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Piper Sandler boosted their price target on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $362.06.

AON Stock Performance

Shares of AON stock opened at $383.04 on Friday. The business has a 50 day simple moving average of $361.69 and a 200 day simple moving average of $326.65. 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 firm has a market capitalization of $82.84 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is currently 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.