Boussard & Gavaudan Investment Management LLP Makes New $11.99 Million Investment in Aon plc (NYSE:AON)

Boussard & Gavaudan Investment Management LLP acquired a new position in Aon plc (NYSE:AON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,764 shares of the financial services provider’s stock, valued at approximately $11,990,000.

Other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in AON in the first quarter valued at about $1,920,000. B. Riley Wealth Advisors Inc. boosted its stake in AON by 56.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 583 shares during the last quarter. Hancock Whitney Corp boosted its stake in AON by 7.6% in the first quarter. Hancock Whitney Corp now owns 935 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 66 shares during the last quarter. LRI Investments LLC purchased a new position in AON in the first quarter valued at about $125,000. Finally, Swedbank AB purchased a new position in AON in the first quarter valued at about $34,788,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AON. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. 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. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price target on shares of AON in a research note on Monday, August 5th. Finally, Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Price Performance

Shares of NYSE:AON opened at $393.42 on Thursday. The company’s fifty day moving average price is $364.94 and its 200-day moving average price is $329.79. The firm has a market capitalization of $85.08 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.44 and a beta of 0.91. Aon plc has a one year low of $268.06 and a one year high of $395.33. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio 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.