Aon plc (NYSE:AON) Shares Sold by Robeco Institutional Asset Management B.V.

Posted by AM Reporter Staff on Mar 18th, 2023

Robeco Institutional Asset Management B.V. lowered its holdings in Aon plc (NYSE:AON – Get Rating) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,877 shares of the financial services provider’s stock after selling 1,711 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AON were worth $12,289,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. CVA Family Office LLC grew its stake in shares of AON by 13.7% in the 3rd quarter. CVA Family Office LLC now owns 290 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 35 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of AON by 4.4% in the third quarter. Essex Financial Services Inc. now owns 945 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 40 shares in the last quarter. ARGI Investment Services LLC increased its position in shares of AON by 2.9% in the third quarter. ARGI Investment Services LLC now owns 1,505 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 42 shares in the last quarter. Gratus Capital LLC increased its position in shares of AON by 0.5% in the third quarter. Gratus Capital LLC now owns 9,752 shares of the financial services provider’s stock worth $2,612,000 after acquiring an additional 44 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of AON by 5.6% in the second quarter. Oppenheimer & Co. Inc. now owns 846 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 86.12% of the company’s stock.

Insider Transactions at AON

In other news, CFO Christa Davies sold 617 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $318.36, for a total value of $196,428.12. Following the completion of the sale, the chief financial officer now directly owns 199,571 shares in the company, valued at $63,535,423.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Christa Davies sold 617 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $318.36, for a total value of $196,428.12. Following the completion of the sale, the chief financial officer now directly owns 199,571 shares in the company, valued at $63,535,423.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Neller sold 1,000 shares of the business’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $311.59, for a total transaction of $311,590.00. Following the completion of the sale, the insider now owns 1,216 shares of the company’s stock, valued at $378,893.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,389 shares of company stock worth $22,664,130. 1.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of AON from $250.00 to $255.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 22nd. MKM Partners lifted their target price on shares of AON from $335.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Citigroup lifted their target price on shares of AON from $339.00 to $340.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. Piper Sandler boosted their price objective on shares of AON from $305.00 to $325.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Finally, Roth Capital reaffirmed a “buy” rating on shares of AON in a research report on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $314.80.

AON Price Performance

NYSE AON opened at $296.59 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 12.27. The stock has a market capitalization of $60.84 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The company has a 50 day moving average price of $310.61 and a two-hundred day moving average price of $296.90. Aon plc has a 12-month low of $246.21 and a 12-month high of $341.98.

AON (NYSE:AON – Get Rating) last posted its earnings results on Friday, February 3rd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.22. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. AON had a net margin of 20.75% and a return on equity of 1,165.31%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.71 earnings per share. As a group, equities analysts predict that Aon plc will post 14.53 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, January 31st. AON’s payout ratio is 18.48%.

AON Company Profile

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Aon Plc engages in the provision of risk, health, and wealth solutions. It operates through Global Professional Services Firm segment. The Global Professional Services Firm segment involves in the provides advice and solutions to clients focused on risk, health and wealth through four principal products and services.