Aon plc (NYSE:AON) Stock Holdings Increased by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Aon plc (NYSE:AON) by 11.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,942 shares of the financial services provider’s stock after purchasing an additional 898 shares during the period. Assetmark Inc.’s holdings in AON were worth $3,212,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the fourth quarter worth $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC raised its stake in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of AON during the 3rd quarter valued at about $37,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AON Stock Up 0.3 %

Shares of AON stock opened at $402.94 on Monday. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm has a market cap of $87.03 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a 50 day moving average of $377.28 and a 200-day moving average of $367.05. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the firm earned $3.89 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. 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.