Marks Group Wealth Management Inc cut its stake in shares of Aon plc (NYSE:AON – Free Report) by 20.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,674 shares of the financial services provider’s stock after selling 5,097 shares during the quarter. Marks Group Wealth Management Inc’s holdings in AON were worth $6,943,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new position in AON during the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new position in AON during the fourth quarter valued at approximately $30,000. Strive Asset Management LLC acquired a new position in AON during the third quarter valued at approximately $35,000. Measured Wealth Private Client Group LLC acquired a new position in AON during the third quarter valued at approximately $37,000. Finally, Salomon & Ludwin LLC boosted its position in AON by 39.3% during the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
AON Price Performance
NYSE:AON opened at $325.89 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $321.54 and its two-hundred day moving average price is $332.89. The firm has a market capitalization of $69.60 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.73 and a beta of 0.71. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00.
AON Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s payout ratio is currently 16.36%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AON shares. TD Cowen reissued a “buy” rating on shares of AON in a research report on Monday, March 16th. Citigroup upped their price objective on AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods dropped their price objective on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Barclays dropped their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Mizuho dropped their price objective on AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $396.81.
AON Profile
Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.
In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.
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