Robeco Institutional Asset Management B.V. Has $18.13 Million Stock Position in Aon plc (NYSE:AON)

Robeco Institutional Asset Management B.V. decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,400 shares of the financial services provider's stock after selling 5,622 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in AON were worth $18,130,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter worth about $31,000. Eastern Bank purchased a new stake in shares of AON during the 3rd quarter worth about $43,000. Nemes Rush Group LLC acquired a new stake in AON during the 2nd quarter worth $45,000. Bruce G. Allen Investments LLC grew its holdings in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider's stock worth $49,000 after purchasing an additional 58 shares during the period. Finally, LRI Investments LLC acquired a new position in AON in the first quarter valued at about $55,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley dropped their target price on shares of AON from $300.00 to $296.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Barclays assumed coverage on AON in a report on Wednesday, September 4th. They issued an "overweight" rating and a $394.00 target price for the company. Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AON currently has a consensus rating of "Hold" and an average target price of $359.19.

AON Trading Down 0.1 %

AON stock traded down $0.40 during mid-day trading on Thursday, hitting $380.88. The stock had a trading volume of 361,490 shares, compared to its average volume of 1,173,458. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $82.37 billion, a PE ratio of 32.07, a P/E/G ratio of 2.29 and a beta of 0.91. The stock has a 50-day simple moving average of $354.11 and a two-hundred day simple moving average of $320.09.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, November 1st. AON's payout ratio is 22.78%.

AON Company 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.