MOKAN Wealth Management Inc. Acquires 628 Shares of Aon plc $AON

MOKAN Wealth Management Inc. lifted its holdings in Aon plc (NYSE:AON) by 20.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,714 shares of the financial services provider’s stock after purchasing an additional 628 shares during the period. MOKAN Wealth Management Inc.’s holdings in AON were worth $1,324,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AON. Financial Gravity Asset Management Inc. bought a new position in shares of AON in the first quarter worth about $28,000. Saudi Central Bank bought a new position in shares of AON in the first quarter worth about $31,000. Pinnacle Bancorp Inc. increased its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the period. Trust Co. of Toledo NA OH bought a new position in shares of AON in the second quarter worth about $32,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on AON shares. Morgan Stanley upgraded 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 research note on Thursday, September 11th. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and boosted their price target for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Citigroup started coverage on AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Evercore ISI boosted their price target on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $420.00.

AON Stock Down 0.2%

NYSE AON opened at $359.82 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock’s 50 day moving average is $364.41 and its two-hundred day moving average is $362.53. The company has a market capitalization of $77.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 earnings per share. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s payout ratio is presently 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.