Cibc World Market Inc. Purchases 827 Shares of Aon plc (NYSE:AON)

Cibc World Market Inc. lifted its holdings in Aon plc (NYSE:AON) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,855 shares of the financial services provider’s stock after purchasing an additional 827 shares during the period. Cibc World Market Inc.’s holdings in AON were worth $17,188,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP boosted its position in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AON by 334.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after acquiring an additional 808,990 shares during the period. International Assets Investment Management LLC acquired a new position in AON in the third quarter worth about $906,040,000. Finally, Accredited Investors Inc. lifted its stake in AON by 5,694.5% during the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after purchasing an additional 238,258 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.2 %

Shares of NYSE:AON opened at $371.39 on Friday. The company has a 50 day moving average of $366.65 and a 200-day moving average of $353.21. Aon plc has a one year low of $268.06 and a one year high of $395.33. The stock has a market cap of $80.32 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 2.00 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.32% and a return on equity of 107.43%. During the same quarter in the previous year, the business posted $3.89 earnings per share. On average, sell-side analysts forecast that Aon plc will post 15.43 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is currently 22.78%.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AON. Keefe, Bruyette & Woods dropped their target price on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Jefferies Financial Group boosted their price target 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. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $370.87.

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.