Boston Partners Purchases 244,706 Shares of Aon plc (NYSE:AON)

Boston Partners grew its stake in shares of Aon plc (NYSE:AON - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,035,998 shares of the financial services provider's stock after buying an additional 244,706 shares during the period. AON makes up 0.9% of Boston Partners' portfolio, making the stock its 19th biggest position. Boston Partners owned approximately 0.94% of AON worth $731,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR bought a new position in AON during the fourth quarter worth about $754,000. Horizon Investments LLC boosted its holdings in AON by 1.3% during the fourth quarter. Horizon Investments LLC now owns 3,362 shares of the financial services provider's stock worth $1,205,000 after buying an additional 43 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in AON by 9.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,190 shares of the financial services provider's stock worth $2,582,000 after buying an additional 617 shares during the last quarter. Signaturefd LLC boosted its holdings in AON by 3.0% during the fourth quarter. Signaturefd LLC now owns 2,725 shares of the financial services provider's stock worth $979,000 after buying an additional 79 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of AON by 3.2% during the 4th quarter. Parallel Advisors LLC now owns 2,222 shares of the financial services provider's stock valued at $798,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

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AON Stock Down 0.8 %

Shares of NYSE:AON traded down $3.15 during trading on Friday, hitting $390.02. 1,359,525 shares of the company were exchanged, compared to its average volume of 1,107,692. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The firm has a fifty day moving average price of $385.41 and a two-hundred day moving average price of $370.41. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the business posted $3.89 EPS. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON's dividend payout ratio is currently 21.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $386.21.

AON 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.