Commerce Bank Sells 445 Shares of Aon plc (NYSE:AON)

Commerce Bank decreased its stake in Aon plc (NYSE:AON) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,480 shares of the financial services provider’s stock after selling 445 shares during the period. Commerce Bank’s holdings in AON were worth $6,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of AON during the second quarter valued at about $31,000. First Personal Financial Services acquired a new position in AON in the 3rd quarter valued at approximately $37,000. Eastern Bank acquired a new stake in shares of AON during the 3rd quarter worth approximately $43,000. Nemes Rush Group LLC bought a new stake in shares of AON during the second quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC lifted its position in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AON. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Piper Sandler raised their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group increased their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Stock Up 0.8 %

NYSE:AON opened at $383.04 on Friday. The stock’s fifty day moving average price is $361.69 and its two-hundred day moving average price is $326.65. The company has a market cap of $82.84 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 2.38 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s payout ratio is 22.78%.

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.