Marks Group Wealth Management Inc Increases Position in Aon plc (NYSE:AON)

Marks Group Wealth Management Inc raised its position in shares of Aon plc (NYSE:AON) by 1.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,847 shares of the financial services provider’s stock after buying an additional 319 shares during the period. Marks Group Wealth Management Inc’s holdings in AON were worth $8,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. increased its stake in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the period. Anchor Investment Management LLC boosted its position in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the period. First Personal Financial Services acquired a new position in shares of AON in the third quarter worth $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of AON during the third quarter worth $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.4 %

AON opened at $384.23 on Wednesday. The stock has a market capitalization of $83.10 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a one year low of $268.06 and a one year high of $395.33. The business’s 50-day simple moving average is $365.29 and its 200-day simple moving average is $358.04.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 company earned $3.89 earnings per share. Analysts anticipate that Aon plc will post 17.24 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AON shares. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

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.