Kingsview Wealth Management LLC Has $1.01 Million Stock Position in Aon plc $AON

Kingsview Wealth Management LLC raised its holdings in Aon plc (NYSE:AON) by 326.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,837 shares of the financial services provider’s stock after acquiring an additional 2,172 shares during the period. Kingsview Wealth Management LLC’s holdings in AON were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AON. Vanguard Group Inc. increased its position in AON by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after acquiring an additional 511,292 shares during the period. Geode Capital Management LLC boosted its holdings in AON by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock valued at $1,987,961,000 after purchasing an additional 173,722 shares during the period. Bank of New York Mellon Corp grew its position in AON by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,715,346 shares of the financial services provider’s stock worth $1,324,818,000 after purchasing an additional 207,690 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AON by 13.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after purchasing an additional 316,333 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of AON by 1.9% during the second quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock valued at $776,326,000 after buying an additional 40,213 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Up 0.5%

Shares of AON stock opened at $340.49 on Friday. The business has a fifty day simple moving average of $337.61 and a 200 day simple moving average of $348.37. The stock has a market cap of $72.95 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.78 and a beta of 0.82. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. Aon plc has a 12 month low of $304.59 and a 12 month high of $407.07.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the business posted $4.42 EPS. AON’s revenue was up 3.7% on a year-over-year basis. Research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. AON’s dividend payout ratio (DPR) is presently 17.51%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AON. The Goldman Sachs Group set a $395.00 target price on AON in a research note on Wednesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of AON from $433.00 to $406.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Mizuho raised shares of AON from a “neutral” rating to an “outperform” rating and set a $397.00 target price on the stock in a research note on Friday, February 27th. UBS Group restated a “neutral” rating and set a $385.00 price target on shares of AON in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on AON from $410.00 to $416.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus target price of $408.94.

Insider Activity

In related news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the transaction, the general counsel directly owned 20,254 shares in the company, valued at approximately $6,598,550.66. The trade was a 19.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lester B. Knight purchased 4,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was purchased at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the purchase, the director directly owned 143,000 shares in the company, valued at approximately $45,651,320. This trade represents a 2.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.