CIBC Asset Management Inc Acquires 2,045 Shares of Aon plc (NYSE:AON)

CIBC Asset Management Inc boosted its stake in Aon plc (NYSE:AON - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 188,201 shares of the financial services provider's stock after buying an additional 2,045 shares during the period. CIBC Asset Management Inc owned approximately 0.09% of AON worth $67,522,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC grew its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after buying an additional 93 shares during the last quarter. First Personal Financial Services acquired a new position in shares of AON during the 3rd quarter worth approximately $37,000. Finally, R Squared Ltd acquired a new position in shares of AON during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at AON

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

AON Stock Down 0.5 %

NYSE:AON traded down $1.84 during trading hours on Thursday, reaching $393.04. The company had a trading volume of 667,938 shares, compared to its average volume of 1,018,053. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $85.00 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.13 and a beta of 0.93. The business's 50-day simple moving average is $367.38 and its two-hundred day simple moving average is $360.88. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.65.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts' consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the business earned $3.89 earnings per share. On average, equities analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is 21.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. 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 company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $386.21.

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.