Zevin Asset Management LLC Buys 228 Shares of Aon plc (NYSE:AON)

Zevin Asset Management LLC increased its stake in shares of Aon plc (NYSE:AON) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,612 shares of the financial services provider’s stock after acquiring an additional 228 shares during the period. AON comprises approximately 1.8% of Zevin Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Zevin Asset Management LLC’s holdings in AON were worth $12,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AON. State Street Corp raised its stake in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the period. Geode Capital Management LLC raised its stake in AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after buying an additional 38,447 shares during the period. Bank of New York Mellon Corp raised its stake in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after buying an additional 343,592 shares during the period. Cantillon Capital Management LLC raised its stake in AON by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider’s stock valued at $475,251,000 after buying an additional 7,010 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in AON by 28.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock valued at $448,137,000 after buying an additional 275,525 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Trading Up 1.3 %

Shares of AON opened at $399.34 on Friday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The business’s fifty day moving average is $381.36 and its 200-day moving average is $368.72. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $86.26 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 company posted $3.89 EPS. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio is currently 21.33%.

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.