Marks Group Wealth Management Inc Has $6.94 Million Stock Position in Aon plc $AON

Marks Group Wealth Management Inc lowered its stake in shares of Aon plc (NYSE:AON) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,674 shares of the financial services provider’s stock after selling 5,097 shares during the period. Marks Group Wealth Management Inc’s holdings in AON were worth $6,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sound View Wealth Advisors Group LLC boosted its holdings in AON by 1.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in AON by 2.1% during the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after buying an additional 32 shares during the last quarter. Westpac Banking Corp boosted its holdings in AON by 5.6% during the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after buying an additional 33 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in AON by 1.8% during the fourth quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after buying an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in AON by 39.3% during the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after buying an additional 33 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.8%

NYSE:AON opened at $325.89 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $69.60 billion, a PE ratio of 17.89, a PEG ratio of 1.73 and a beta of 0.71. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00. The stock has a 50-day simple moving average of $321.54 and a 200 day simple moving average of $332.89.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.AON’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $5.67 earnings per share. On average, sell-side analysts expect that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.82 per share. The ex-dividend date was Friday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. AON’s dividend payout ratio is 16.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reduced their target price on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. TD Cowen restated a “buy” rating on shares of AON in a report on Monday, March 16th. Piper Sandler raised their price target on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Citigroup raised their price target on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.81.

AON 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.