Boston Common Asset Management LLC Trims Holdings in Aon plc (NYSE:AON)

Boston Common Asset Management LLC cut its holdings in Aon plc (NYSE:AON) by 28.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,989 shares of the financial services provider’s stock after selling 5,632 shares during the quarter. Boston Common Asset Management LLC’s holdings in AON were worth $5,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. American Century Companies Inc. grew its position in shares of AON by 49.6% in the 2nd quarter. American Century Companies Inc. now owns 36,209 shares of the financial services provider’s stock worth $10,630,000 after buying an additional 12,006 shares during the period. Dimensional Fund Advisors LP grew its position in shares of AON by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 655,944 shares of the financial services provider’s stock worth $192,568,000 after buying an additional 46,560 shares during the period. Moors & Cabot Inc. grew its position in shares of AON by 25.1% in the 2nd quarter. Moors & Cabot Inc. now owns 1,052 shares of the financial services provider’s stock worth $309,000 after buying an additional 211 shares during the period. Mutual of America Capital Management LLC grew its position in shares of AON by 4.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 27,418 shares of the financial services provider’s stock worth $8,049,000 after buying an additional 1,168 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in AON by 43.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,698 shares of the financial services provider’s stock valued at $4,021,000 after purchasing an additional 4,122 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AON. JPMorgan Chase & Co. increased their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $370.87.

AON Price Performance

Shares of NYSE:AON opened at $365.83 on Friday. The firm’s 50 day moving average price is $369.24 and its 200-day moving average price is $348.14. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $79.12 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.