MOKAN Wealth Management Inc. Has $1.23 Million Stock Holdings in Aon plc (NYSE:AON)

MOKAN Wealth Management Inc. raised its position in Aon plc (NYSE:AON) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,086 shares of the financial services provider’s stock after acquiring an additional 62 shares during the period. MOKAN Wealth Management Inc.’s holdings in AON were worth $1,233,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mattern Capital Management LLC grew its stake in shares of AON by 5.7% in the 1st quarter. Mattern Capital Management LLC now owns 2,879 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 155 shares during the period. Lecap Asset Management Ltd. bought a new stake in shares of AON in the 1st quarter worth about $2,073,000. Cornerstone Wealth Group LLC increased its position in shares of AON by 5.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 932 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares in the last quarter. Balboa Wealth Partners bought a new position in AON during the 1st quarter valued at about $206,000. Finally, Keudell Morrison Wealth Management acquired a new position in AON in the first quarter valued at about $263,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $360.77 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The business has a 50-day moving average of $359.01 and a 200-day moving average of $371.12. Aon plc has a fifty-two week low of $285.35 and a fifty-two week high of $412.97. The stock has a market capitalization of $77.90 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.15 and a beta of 0.86.

AON (NYSE:AON) last posted its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. AON’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted $5.66 EPS. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is currently 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent analyst reports. Barclays reduced their target price on AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group boosted their price objective on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, Evercore ISI reduced their target price on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $397.27.

About AON

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.