Commerzbank Aktiengesellschaft FI Makes New $802,000 Investment in Aon plc (NYSE:AON)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Aon plc (NYSE:AON - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,008 shares of the financial services provider's stock, valued at approximately $802,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Forum Financial Management LP boosted its position in AON by 4.2% during the first quarter. Forum Financial Management LP now owns 990 shares of the financial services provider's stock valued at $395,000 after acquiring an additional 40 shares during the last quarter. Graypoint LLC boosted its position in AON by 66.5% during the first quarter. Graypoint LLC now owns 2,496 shares of the financial services provider's stock valued at $996,000 after acquiring an additional 997 shares during the last quarter. Dynasty Wealth Management LLC boosted its position in shares of AON by 4.6% during the 1st quarter. Dynasty Wealth Management LLC now owns 4,228 shares of the financial services provider's stock worth $1,687,000 after purchasing an additional 185 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of AON by 1.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 47,001 shares of the financial services provider's stock worth $18,758,000 after purchasing an additional 480 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new position in shares of AON during the 1st quarter worth about $821,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock traded up $1.75 during trading hours on Friday, hitting $356.38. 1,079,879 shares of the company were exchanged, compared to its average volume of 1,165,773. The firm has a fifty day simple moving average of $358.06 and a 200 day simple moving average of $370.53. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a 52-week low of $296.56 and a 52-week high of $412.97. The stock has a market capitalization of $76.96 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.12 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the previous year, the business earned $5.66 earnings per share. AON's revenue was up 16.2% on a year-over-year basis. Research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. AON's payout ratio is 25.38%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Jefferies Financial Group raised their price target on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $403.00.

AON Profile

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.