Aon plc $AON Shares Sold by Boston Partners

Boston Partners cut its holdings in shares of Aon plc (NYSE:AON) by 30.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,477,796 shares of the financial services provider’s stock after selling 643,811 shares during the period. Boston Partners owned approximately 0.69% of AON worth $527,567,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AON. Saudi Central Bank bought a new position in shares of AON in the first quarter worth $31,000. HHM Wealth Advisors LLC lifted its holdings in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the period. Atlantic Union Bankshares Corp bought a new position in AON in the 2nd quarter valued at about $31,000. Trust Co. of Toledo NA OH acquired a new position in AON during the second quarter worth about $32,000. Finally, Pinnacle Bancorp Inc. grew its stake in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of NYSE AON opened at $344.88 on Tuesday. The firm has a market capitalization of $74.13 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.92 and a beta of 0.86. Aon plc has a one year low of $323.73 and a one year high of $412.97. The business has a fifty day simple moving average of $353.64 and a 200 day simple moving average of $357.53. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the firm earned $2.72 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s payout ratio is presently 23.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AON shares. Wolfe Research began coverage on shares of AON in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and increased their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Keefe, Bruyette & Woods lowered their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Finally, Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus target price of $419.13.

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.