Robeco Institutional Asset Management B.V. Acquires 3,067 Shares of Aon plc $AON

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Aon plc by 5.7%, acquiring an additional 3,067 shares, bringing their total holdings to 57,175 shares valued at approximately $20.4 million.
• Aon plc recently announced a quarterly dividend of $0.745 per share, resulting in an annualized dividend yield of 0.8%.
• Analysts have given Aon a consensus rating of "Moderate Buy" with an average price target of $415.06, indicating optimistic growth potential for the stock.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,175 shares of the financial services provider's stock after purchasing an additional 3,067 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in AON were worth $20,398,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. bought a new position in AON in the 1st quarter valued at about $28,000. Saudi Central Bank bought a new position in shares of AON during the first quarter worth approximately $31,000. Pinnacle Bancorp Inc. lifted its holdings in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after purchasing an additional 33 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. Finally, Tsfg LLC bought a new position in AON during the 1st quarter worth $37,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AON shares. Wolfe Research initiated coverage on shares of AON in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of AON in a research report on Saturday, September 27th. Citigroup began coverage on shares of AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target for the company. Wells Fargo & Company reissued an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and lifted their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, AON has a consensus rating of "Moderate Buy" and an average price target of $415.06.

AON Stock Performance

Shares of NYSE:AON opened at $364.06 on Friday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The stock has a market capitalization of $78.50 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company's 50 day simple moving average is $363.77 and its 200 day simple moving average is $363.82.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the business posted $2.93 EPS. The company's revenue was up 10.5% compared to the same quarter last year. As a group, research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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