Commerce Bank Has $6.92 Million Stock Holdings in Aon plc (NYSE:AON)

Commerce Bank reduced its stake in shares of Aon plc (NYSE:AON) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,265 shares of the financial services provider’s stock after selling 215 shares during the quarter. Commerce Bank’s holdings in AON were worth $6,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new position in AON during the 4th quarter worth approximately $32,000. Anchor Investment Management LLC boosted its position in AON by 1,162.5% in the third 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 in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON during the fourth quarter worth $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AON shares. Barclays cut their price objective on AON from $440.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lifted 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus price target of $393.87.

AON Stock Down 1.5 %

Shares of NYSE:AON opened at $367.08 on Friday. The business’s 50-day moving average is $389.51 and its 200-day moving average is $375.48. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a market capitalization of $79.29 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

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

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.81%. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is currently 23.54%.

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.