Zevin Asset Management LLC Increases Position in Aon plc (NYSE:AON)

Zevin Asset Management LLC boosted its position in Aon plc (NYSE:AON) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,384 shares of the financial services provider’s stock after purchasing an additional 923 shares during the period. AON comprises approximately 1.8% of Zevin Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Zevin Asset Management LLC’s holdings in AON were worth $11,897,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AON. Y.D. More Investments Ltd purchased a new position in AON in the second quarter valued at approximately $31,000. First Personal Financial Services purchased a new stake in shares of AON during the third quarter worth $37,000. Eastern Bank purchased a new stake in shares of AON during the third quarter worth $43,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter worth $45,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several recent research reports. BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Piper Sandler increased their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. 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. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $359.19.

AON Price Performance

Shares of NYSE AON opened at $379.29 on Monday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The company has a 50 day simple moving average of $359.12 and a two-hundred day simple moving average of $324.47. The company has a market capitalization of $82.03 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio is 22.78%.

AON 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.