Modera Wealth Management LLC Raises Stock Holdings in Aon plc (NYSE:AON)

Modera Wealth Management LLC raised its holdings in Aon plc (NYSE:AON) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,305 shares of the financial services provider’s stock after purchasing an additional 509 shares during the period. Modera Wealth Management LLC’s holdings in AON were worth $4,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Valley Wealth Managers Inc. boosted its stake in AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 28 shares during the last quarter. Intellectus Partners LLC lifted its position in shares of AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 31 shares during the last quarter. V Square Quantitative Management LLC grew its stake in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after buying an additional 33 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AON shares. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Up 1.3 %

AON opened at $409.15 on Monday. The stock’s 50 day moving average price is $372.88 and its 200 day moving average price is $364.58. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $88.38 billion, a P/E ratio of 32.32, a P/E/G ratio of 2.12 and a beta of 0.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $409.99.

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 net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the company earned $3.89 EPS. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

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.