Boston Partners Boosts Stake in Aon plc (NYSE:AON)

Boston Partners boosted its stake in Aon plc (NYSE:AON) by 13.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,035,998 shares of the financial services provider’s stock after buying an additional 244,706 shares during the quarter. AON makes up about 0.9% of Boston Partners’ holdings, making the stock its 19th biggest position. Boston Partners owned about 0.94% of AON worth $731,799,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its holdings in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of AON during the 4th quarter worth $39,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of AON during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler upped their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $386.21.

AON Price Performance

AON opened at $390.90 on Tuesday. The firm has a market cap of $84.43 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The company’s 50-day moving average price is $382.21 and its 200 day moving average price is $369.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business earned $3.89 EPS. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is currently 21.33%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.