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

Marks Group Wealth Management Inc increased its position in shares of Aon plc (NYSE:AON) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,847 shares of the financial services provider’s stock after purchasing an additional 319 shares during the quarter. Marks Group Wealth Management Inc’s holdings in AON were worth $8,924,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares during the period. Geode Capital Management LLC boosted its holdings in AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after purchasing an additional 38,447 shares during the last quarter. Veritas Asset Management LLP grew its position in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. Cantillon Capital Management LLC raised its stake in shares of AON by 15.6% during the 3rd quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after buying an additional 177,956 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of AON by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock valued at $417,528,000 after buying an additional 11,922 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at AON

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

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Price Performance

Shares of AON stock opened at $384.23 on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The business has a 50 day simple moving average of $365.29 and a two-hundred day simple moving average of $358.04. The stock has a market capitalization of $83.10 billion, a P/E ratio of 30.35, a PEG ratio of 2.09 and a beta of 0.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business earned $3.89 earnings per share. As a group, analysts predict that Aon plc will post 17.24 EPS for the current fiscal year.

AON Announces Dividend

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

AON Company 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.