Boston Common Asset Management LLC Grows Stock Holdings in Aon plc $AON

Key Points

• Boston Common Asset Management LLC increased its stock holdings in Aon plc by 31.7% in Q2, acquiring an additional 8,394 shares for a total value of $12,427,000.
• Recent analyst upgrades reflect positive sentiment, with Morgan Stanley raising their target price from $385 to $430 and classifying Aon shares as "overweight."
• Aon plc has reported a 10.5% year-over-year revenue boost, generating $4.16 billion in the latest quarter, alongside a dividend yield of 0.8% from its quarterly payout of $0.745 per share.

Boston Common Asset Management LLC increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 31.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,833 shares of the financial services provider's stock after acquiring an additional 8,394 shares during the period. Boston Common Asset Management LLC's holdings in AON were worth $12,427,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in AON during the first quarter worth about $28,000. Saudi Central Bank bought a new stake in AON during the first quarter worth about $31,000. Pinnacle Bancorp Inc. boosted its stake in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after acquiring an additional 33 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after acquiring an additional 29 shares in the last quarter. Finally, Tsfg LLC bought a new stake in AON during the first quarter worth about $37,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AON shares. Morgan Stanley upgraded shares of AON from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Citigroup started coverage on shares of AON in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 target price on the stock. Evercore ISI upped their target price on shares of AON from $421.00 to $427.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Cowen dropped their target price on shares of AON from $427.00 to $419.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Finally, Piper Sandler upped their target price on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $415.06.

AON Stock Up 0.9%

AON opened at $364.06 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a 50 day moving average price of $363.77 and a 200-day moving average price of $363.82. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock has a market capitalization of $78.50 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the previous year, the company earned $2.93 earnings per share. The firm's quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON's dividend payout ratio is currently 24.96%.

About AON

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.

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