CIBC Asset Management Inc Has $64.35 Million Holdings in Aon plc (NYSE:AON)

CIBC Asset Management Inc cut its position in Aon plc (NYSE:AON) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,156 shares of the financial services provider’s stock after selling 289 shares during the quarter. CIBC Asset Management Inc owned 0.09% of AON worth $64,349,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC increased its holdings in AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC increased its stake in shares of AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after buying an additional 31 shares during the period. Intellectus Partners LLC raised its position in shares of AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 31 shares during the last quarter. waypoint wealth counsel lifted its stake in shares of AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 32 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its holdings in AON by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 1,552 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 2.7 %

AON opened at $376.34 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The firm has a market capitalization of $81.39 billion, a PE ratio of 31.76, a P/E/G ratio of 2.42 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company’s 50-day moving average is $357.95 and its 200 day moving average is $322.84.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.72%. AON’s dividend payout ratio (DPR) is currently 22.78%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AON. Barclays assumed coverage on shares of AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Hold” and an average price target of $359.19.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.