Aon PLC (AON) Holdings Boosted by CIBC World Markets Inc.

CIBC World Markets Inc. raised its stake in shares of Aon PLC (NYSE:AON) by 473.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,725 shares of the financial services provider’s stock after acquiring an additional 7,203 shares during the period. CIBC World Markets Inc.’s holdings in AON were worth $1,342,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in AON during the 2nd quarter valued at $132,000. Synovus Financial Corp lifted its stake in AON by 110.4% during the 3rd quarter. Synovus Financial Corp now owns 852 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 447 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its stake in AON by 1,468.2% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 969 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in AON during the 3rd quarter valued at $163,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in AON by 50.0% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

In other news, CEO Caroline Grace sold 4,000 shares of AON stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $160.00, for a total transaction of $640,000.00. Following the sale, the chief executive officer now directly owns 41,796 shares in the company, valued at approximately $6,687,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 12,000 shares of company stock worth $1,860,000 over the last quarter. Company insiders own 0.42% of the company’s stock.

A number of equities research analysts have recently commented on AON shares. Credit Suisse Group started coverage on AON in a research note on Tuesday, August 7th. They set a “neutral” rating and a $154.00 target price on the stock. Raymond James upgraded AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Citigroup lifted their target price on AON from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 12th. Wells Fargo & Co set a $143.00 target price on AON and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Sandler O’Neill upgraded AON from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $160.38.

NYSE AON opened at $164.97 on Tuesday. The firm has a market cap of $39.77 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. Aon PLC has a one year low of $130.87 and a one year high of $166.48. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.31.

AON (NYSE:AON) last released its earnings results on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.09. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.39 billion. AON had a return on equity of 43.96% and a net margin of 7.06%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. As a group, sell-side analysts forecast that Aon PLC will post 8.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, October 31st. AON’s payout ratio is 24.54%.

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AON Profile

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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