MOKAN Wealth Management Inc. Takes Position in Aon plc (NYSE:AON)

MOKAN Wealth Management Inc. acquired a new stake in Aon plc (NYSE:AON) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,024 shares of the financial services provider’s stock, valued at approximately $1,086,000.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB bought a new stake in AON during the 3rd quarter worth approximately $20,856,000. Trust Co. of Vermont lifted its holdings in AON by 8.7% during the 3rd quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock worth $152,000 after buying an additional 35 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AON by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,082 shares of the financial services provider’s stock worth $8,678,000 after buying an additional 431 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in AON by 12.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,307 shares of the financial services provider’s stock worth $798,000 after buying an additional 261 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in AON by 35.9% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,025 shares of the financial services provider’s stock worth $355,000 after buying an additional 271 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

AON stock opened at $387.22 on Friday. The stock has a 50-day moving average price of $365.76 and a two-hundred day moving average price of $359.36. The stock has a market cap of $83.74 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $3.89 earnings per share. Equities analysts forecast that Aon plc will post 17.24 EPS for the current fiscal year.

AON Dividend Announcement

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 0.70%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

Analyst Ratings Changes

AON has been the topic of several research reports. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. TD Cowen increased their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets increased their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $386.21.

Insider Activity at AON

In related news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.