Boston Partners Has $576.32 Million Position in Aon plc $AON

Boston Partners lowered its position in Aon plc (NYSE:AON) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,635,007 shares of the financial services provider’s stock after selling 76,243 shares during the quarter. Boston Partners’ holdings in AON were worth $576,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its holdings in AON by 9.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 272,046 shares of the financial services provider’s stock valued at $96,000,000 after buying an additional 22,878 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of AON by 18.5% during the 4th quarter. Wealthspire Advisors LLC now owns 273,596 shares of the financial services provider’s stock valued at $96,547,000 after acquiring an additional 42,739 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of AON by 7.2% during the 4th quarter. Macquarie Group Ltd. now owns 28,298 shares of the financial services provider’s stock valued at $9,986,000 after acquiring an additional 1,889 shares during the last quarter. Laurel Oak Wealth Management LLC acquired a new stake in AON in the 4th quarter worth approximately $260,000. Finally, FineMark National Bank & Trust boosted its position in AON by 7.3% during the fourth quarter. FineMark National Bank & Trust now owns 1,155 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 79 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. TD Cowen reiterated a “buy” rating on shares of AON in a report on Monday, March 16th. Barclays decreased their price target on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Keefe, Bruyette & Woods lowered their price target on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Mizuho cut their price objective on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.81.

AON Stock Up 0.1%

NYSE AON opened at $335.51 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $71.66 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.76 and a beta of 0.71. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The stock’s 50 day moving average is $322.69 and its two-hundred day moving average is $332.68.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the firm earned $5.67 EPS. AON’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s payout ratio is currently 16.36%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.