Cibc World Markets Corp Decreases Stake in Aon plc (NYSE:AON)

Cibc World Markets Corp decreased its holdings in Aon plc (NYSE:AON) by 32.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Endeavor Private Wealth Inc. purchased a new position in AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of AON in the fourth quarter valued at about $39,000. Finally, Kestra Investment Management LLC acquired a new stake in AON during the fourth quarter worth about $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Down 2.0 %

AON stock opened at $390.90 on Tuesday. The firm has a market capitalization of $84.43 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.12 and a beta of 0.92. The stock’s fifty day simple moving average is $382.21 and its 200-day simple moving average is $369.46. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $3.89 earnings per share. As a group, equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. Evercore ISI raised 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 note on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, AON has an average rating of “Hold” and a consensus 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.