Brown Brothers Harriman & Co. Has $5.24 Million Holdings in Aon plc (NYSE:AON)

Brown Brothers Harriman & Co. trimmed its position in shares of Aon plc (NYSE:AON) by 28.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,151 shares of the financial services provider’s stock after selling 6,084 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in AON were worth $5,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in AON in the first quarter worth approximately $1,920,000. Dynasty Wealth Management LLC acquired a new stake in shares of AON in the 1st quarter valued at $546,000. B. Riley Wealth Advisors Inc. boosted its holdings 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 worth $523,000 after purchasing an additional 583 shares in the last quarter. California State Teachers Retirement System increased its position in AON by 0.3% during the first quarter. California State Teachers Retirement System now owns 332,663 shares of the financial services provider’s stock worth $111,016,000 after buying an additional 903 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in AON by 45.1% during the first quarter. Tidal Investments LLC now owns 14,926 shares of the financial services provider’s stock valued at $4,981,000 after buying an additional 4,642 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $390.07 on Tuesday. The stock has a 50 day moving average of $363.24 and a two-hundred day moving average of $328.66. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $84.36 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.42 and a beta of 0.91. Aon plc has a 12 month low of $268.06 and a 12 month high of $390.73.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid 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 was Friday, November 1st. AON’s dividend payout ratio is 22.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AON. Evercore ISI increased 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. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Jefferies Financial Group boosted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised 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. 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 report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $362.06.

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.