Marks Group Wealth Management Inc Has $9.14 Million Stock Position in Aon plc $AON

Marks Group Wealth Management Inc increased its stake in shares of Aon plc (NYSE:AON) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,630 shares of the financial services provider’s stock after acquiring an additional 290 shares during the quarter. Marks Group Wealth Management Inc’s holdings in AON were worth $9,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Portside Wealth Group LLC increased its position in AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after acquiring an additional 9,302 shares during the period. WCM Investment Management LLC increased its position in AON by 0.3% during the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after acquiring an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in AON by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock worth $11,183,000 after acquiring an additional 1,489 shares during the period. Catalyst Capital Advisors LLC increased its position in AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 1,544 shares during the period. Finally, Ninety One North America Inc. increased its position in AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after acquiring an additional 2,932 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AON shares. Evercore ISI boosted their price target on shares of AON from $421.00 to $427.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $438.00 price target (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a report on Saturday, September 27th. Finally, Citigroup started coverage on shares of AON in a report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $415.06.

AON Stock Up 0.9%

AON opened at $364.06 on Monday. The firm’s 50-day simple moving average is $363.77 and its 200-day simple moving average is $363.61. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The firm has a market cap of $78.50 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s dividend payout ratio is 24.96%.

AON Company 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.