Marks Group Wealth Management Inc decreased its position in shares of Aon plc (NYSE:AON) by 52.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,238 shares of the financial services provider’s stock after selling 26,868 shares during the quarter. Marks Group Wealth Management Inc’s holdings in AON were worth $5,792,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in AON. Achmea Investment Management B.V. bought a new stake in shares of AON during the 1st quarter worth approximately $1,930,000. Rockefeller Capital Management L.P. increased its stake in shares of AON by 95.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 10,950 shares of the financial services provider’s stock valued at $2,519,000 after purchasing an additional 5,334 shares during the last quarter. The PNC Financial Services Group Inc. lifted its position in shares of AON by 4.1% during the 1st quarter. The PNC Financial Services Group Inc. now owns 196,120 shares of the financial services provider’s stock worth $45,129,000 after buying an additional 7,771 shares during the last quarter. Atria Investments LLC acquired a new position in AON during the first quarter worth about $1,045,000. Finally, Bbva USA bought a new stake in shares of AON during the 2nd quarter valued at approximately $2,153,000.
In other AON news, Director Lester B. Knight bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 4th. The shares were bought at an average price of $263.95 per share, for a total transaction of $2,639,500.00. Following the acquisition, the director now directly owns 1,720 shares of the company’s stock, valued at approximately $453,994. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Michael Losh sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $279.62, for a total value of $2,516,580.00. Following the sale, the director now directly owns 14,205 shares of the company’s stock, valued at $3,972,002.10. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
AON (NYSE:AON) last posted its quarterly earnings results on Thursday, July 29th. The financial services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.43. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.69 billion. AON had a net margin of 17.78% and a return on equity of 61.03%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. Research analysts expect that Aon plc will post 11.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Monday, August 2nd were paid a $0.51 dividend. The ex-dividend date was Friday, July 30th. This represents a $2.04 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio (DPR) is presently 20.80%.
AON has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of AON from $260.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, August 2nd. Wolfe Research initiated coverage on shares of AON in a report on Monday, August 16th. They set a “market perform” rating and a $292.00 price target on the stock. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $277.00 target price for the company in a research report on Wednesday, August 4th. MKM Partners upped their price target on AON from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, September 2nd. Finally, Wells Fargo & Company raised their price objective on AON from $287.00 to $306.00 and gave the stock an “overweight” rating in a research report on Monday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $268.06.
AON Company Profile
Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.
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