Marks Group Wealth Management Inc Has $4.17 Million Holdings in Aon plc $AON

Marks Group Wealth Management Inc decreased its position in shares of Aon plc (NYSE:AON) by 34.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,928 shares of the financial services provider’s stock after selling 6,746 shares during the quarter. Marks Group Wealth Management Inc’s holdings in AON were worth $4,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Wealth Watch Advisors INC acquired a new stake in AON in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in AON during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. bought a new position in shares of AON in the fourth quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new position in shares of AON during the fourth quarter valued at about $30,000. Finally, Strive Asset Management LLC bought a new stake in shares of AON during the third quarter worth about $35,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 1.0%

Shares of AON stock opened at $355.23 on Thursday. The firm has a market cap of $75.87 billion, a PE ratio of 19.50, a P/E/G ratio of 1.89 and a beta of 0.71. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a fifty day moving average price of $330.02 and a 200-day moving average price of $330.86.

AON (NYSE:AON) last issued its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.67 EPS. Equities research analysts anticipate that Aon plc will post 19.09 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s payout ratio is presently 18.00%.

Insiders Place Their Bets

In other news, General Counsel Darren Zeidel sold 600 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the completion of the transaction, the general counsel directly owned 15,354 shares of the company’s stock, valued at $5,527,440. This represents a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of AON from $409.00 to $406.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. UBS Group boosted their price objective on AON from $360.00 to $383.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods dropped their target price on AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on AON from $396.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup upped their price target on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $404.56.

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.