Dai ichi Life Insurance Company Ltd Has $2.71 Million Stock Holdings in Aon plc (NYSE:AON)

Dai ichi Life Insurance Company Ltd lowered its stake in shares of Aon plc (NYSE:AON) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,825 shares of the financial services provider’s stock after selling 278 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in AON were worth $2,707,000 at the end of the most recent quarter.

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

AON Stock Up 0.8 %

Shares of AON opened at $393.42 on Thursday. The firm has a 50 day simple moving average of $364.94 and a two-hundred day simple moving average of $329.79. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a market cap of $85.08 billion, a P/E ratio of 33.20, a P/E/G ratio of 2.44 and a beta of 0.91.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. TD Cowen boosted their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their target price on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets upped their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $362.06.

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.