Aon plc (NYSE:AON) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lessened its position in Aon plc (NYSE:AON - Free Report) by 32.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 61,174 shares of the financial services provider's stock after selling 29,654 shares during the period. Cibc World Markets Corp's holdings in AON were worth $21,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AON. Empowered Funds LLC grew its stake in shares of AON by 16.9% during the 3rd quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider's stock worth $1,334,000 after purchasing an additional 558 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new position in AON during the third quarter worth about $263,000. Zevin Asset Management LLC increased its holdings in AON by 2.8% in the third quarter. Zevin Asset Management LLC now owns 34,384 shares of the financial services provider's stock valued at $11,897,000 after buying an additional 923 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of AON by 8.5% during the 3rd quarter. Meeder Advisory Services Inc. now owns 3,959 shares of the financial services provider's stock worth $1,370,000 after acquiring an additional 309 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of AON by 3.2% in the 3rd quarter. Pathstone Holdings LLC now owns 44,663 shares of the financial services provider's stock worth $15,453,000 after acquiring an additional 1,381 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

AON Trading Down 0.8 %

NYSE AON traded down $3.15 during trading hours on Friday, hitting $390.02. 1,359,525 shares of the company's stock were exchanged, compared to its average volume of 1,172,101. 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 capitalization of $84.24 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business's 50 day moving average is $384.60 and its 200-day moving average is $370.09. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $3.89 EPS. As a group, 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. Stockholders of record on Monday, February 3rd were issued 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 dividend yield of 0.69%. AON's payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price objective on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and increased their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.