Boston Common Asset Management LLC Trims Position in Aon plc (NYSE:AON)

Boston Common Asset Management LLC lowered its position in shares of Aon plc (NYSE:AON - Free Report) by 28.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,989 shares of the financial services provider's stock after selling 5,632 shares during the period. Boston Common Asset Management LLC's holdings in AON were worth $5,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. boosted its stake in AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock worth $307,000 after buying an additional 28 shares during the period. CVA Family Office LLC increased its holdings in AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock valued at $129,000 after purchasing an additional 29 shares during the last quarter. Amplius Wealth Advisors LLC raised its position in AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock valued at $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC lifted its stake in AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock worth $343,000 after purchasing an additional 31 shares in the last quarter. Finally, waypoint wealth counsel boosted its holdings in AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Performance

Shares of NYSE:AON traded down $2.28 during trading on Friday, reaching $365.83. The company had a trading volume of 859,980 shares, compared to its average volume of 713,661. 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 stock's fifty day moving average price is $368.88 and its 200 day moving average price is $348.64. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The firm has a market capitalization of $79.12 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON's dividend payout ratio is presently 22.78%.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company's stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent research reports. Bank of America upped their price objective on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of AON from $415.00 to $411.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $370.87.

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.