Aon plc (NYSE:AON) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its position in shares of Aon plc (NYSE:AON) by 81.7% in the 4th quarter, Holdings Channel reports. The fund owned 19,011 shares of the financial services provider’s stock after selling 84,690 shares during the period. CIBC Private Wealth Group LLC’s holdings in AON were worth $6,700,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in shares of AON in the fourth quarter worth $29,000. Richardson Financial Services Inc. grew 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 purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter valued at $32,000. Anchor Investment Management LLC raised its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC purchased a new stake in AON during the fourth quarter valued at about $39,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $398.95 on Wednesday. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $86.17 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The firm’s 50-day simple moving average is $390.00 and its 200-day simple moving average is $373.11.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 last year, the company posted $3.89 EPS. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

AON has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. upped their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.