Marks Group Wealth Management Inc Has $6.17 Million Stock Position in Aon plc (NYSE:AON)

Marks Group Wealth Management Inc raised its position in shares of Aon plc (NYSE:AON) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,193 shares of the financial services provider’s stock after purchasing an additional 293 shares during the quarter. Marks Group Wealth Management Inc’s holdings in AON were worth $6,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AON. Geneos Wealth Management Inc. lifted its stake in shares of AON by 10.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 32 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of AON by 7.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider’s stock worth $155,000 after buying an additional 31 shares in the last quarter. HB Wealth Management LLC grew its position in shares of AON by 39.9% during the 3rd quarter. HB Wealth Management LLC now owns 2,760 shares of the financial services provider’s stock worth $895,000 after buying an additional 787 shares during the period. DAVENPORT & Co LLC grew its holdings in AON by 24.0% in the third quarter. DAVENPORT & Co LLC now owns 267,661 shares of the financial services provider’s stock worth $86,990,000 after purchasing an additional 51,838 shares during the period. Finally, Cedar Brook Financial Partners LLC grew its stake in shares of AON by 6.2% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 876 shares of the financial services provider’s stock valued at $284,000 after buying an additional 51 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In other news, CFO Christa Davies sold 20,618 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the transaction, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,690,098. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Christa Davies sold 20,618 shares of AON stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the sale, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,690,098. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lester B. Knight acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the transaction, the director now owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 74,532 shares of company stock valued at $23,335,805. Corporate insiders own 1.15% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $311.86 on Wednesday. The stock has a market capitalization of $61.91 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.88 and a beta of 0.86. The company’s fifty day simple moving average is $317.78 and its two-hundred day simple moving average is $314.53. Aon plc has a 1 year low of $284.85 and a 1 year high of $347.37.

AON (NYSE:AON) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.675 dividend. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio (DPR) is 19.71%.

Analyst Ratings Changes

AON has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Keefe, Bruyette & Woods raised their price objective on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Morgan Stanley increased their target price on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada reduced their price objective on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $334.69.

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.