Robeco Institutional Asset Management B.V. Raises Stock Position in Aon plc (NYSE:AON)

Robeco Institutional Asset Management B.V. increased its stake in Aon plc (NYSE:AON) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,361 shares of the financial services provider’s stock after acquiring an additional 961 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in AON were worth $19,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AON. R Squared Ltd acquired a new stake in AON during the 4th quarter worth $43,000. Twelve Points Wealth Management LLC boosted its stake in AON by 10.3% during the 4th quarter. Twelve Points Wealth Management LLC now owns 2,527 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 236 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in AON by 3.0% during the 4th quarter. Perigon Wealth Management LLC now owns 1,772 shares of the financial services provider’s stock worth $652,000 after purchasing an additional 52 shares during the last quarter. Matrix Asset Advisors Inc. NY acquired a new stake in AON during the 4th quarter worth $248,000. Finally, Pacer Advisors Inc. boosted its stake in AON by 6.7% during the 4th quarter. Pacer Advisors Inc. now owns 17,287 shares of the financial services provider’s stock worth $6,209,000 after purchasing an additional 1,086 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.2 %

Shares of NYSE:AON opened at $371.39 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $80.32 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The firm’s 50-day moving average is $366.65 and its two-hundred day moving average is $353.21. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.32% and a return on equity of 107.43%. During the same quarter last year, the firm earned $3.89 EPS. Analysts predict that Aon plc will post 15.43 EPS for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.73%. AON’s payout ratio is 22.78%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group boosted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Company Profile

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.