Commerce Bank lifted its stake in Aon PLC (NYSE:AON) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,947 shares of the financial services provider’s stock after buying an additional 759 shares during the quarter. Commerce Bank’s holdings in AON were worth $4,282,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in shares of AON in the fourth quarter worth about $25,000. Sugarloaf Wealth Management LLC bought a new position in shares of AON in the fourth quarter worth about $28,000. Orion Portfolio Solutions LLC bought a new position in shares of AON in the fourth quarter worth about $33,000. Meeder Asset Management Inc. raised its stake in shares of AON by 38.3% in the fourth quarter. Meeder Asset Management Inc. now owns 166 shares of the financial services provider’s stock worth $35,000 after buying an additional 46 shares during the period. Finally, Archer Investment Corp bought a new position in shares of AON in the fourth quarter worth about $36,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
NYSE AON opened at $191.97 on Friday. The stock has a market capitalization of $44.68 billion, a PE ratio of 20.29 and a beta of 0.85. The business has a 50 day simple moving average of $182.00 and a two-hundred day simple moving average of $198.89. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.29. Aon PLC has a 1-year low of $143.93 and a 1-year high of $238.19.
AON (NYSE:AON) last announced its earnings results on Friday, May 1st. The financial services provider reported $3.68 EPS for the quarter, topping the Zacks’ consensus estimate of $3.67 by $0.01. AON had a return on equity of 63.91% and a net margin of 14.84%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business earned $3.31 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts anticipate that Aon PLC will post 9.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, April 30th. AON’s dividend payout ratio (DPR) is presently 19.19%.
Several research analysts have recently commented on the company. Raymond James raised AON from an “underperform” rating to a “market perform” rating in a research note on Monday, March 23rd. UBS Group decreased their price objective on AON from $202.00 to $197.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Deutsche Bank decreased their target price on AON from $186.00 to $180.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. Citigroup decreased their target price on AON from $260.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, Wells Fargo & Co decreased their target price on AON from $232.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $207.60.
In other news, Director Lester B. Knight bought 70,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $195.00 per share, with a total value of $13,650,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Neller sold 1,250 shares of AON stock in a transaction on Monday, March 16th. The shares were sold at an average price of $160.68, for a total value of $200,850.00. Following the sale, the insider now directly owns 5,437 shares of the company’s stock, valued at $873,617.16. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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