Motley Fool Wealth Management LLC Has $7.01 Million Stake in Aon plc $AON

Motley Fool Wealth Management LLC decreased its position in shares of Aon plc (NYSE:AON) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,857 shares of the financial services provider’s stock after selling 3,555 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in AON were worth $7,007,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. bought a new position in AON during the 4th quarter worth $4,305,000. Caprock Group LLC bought a new position in AON during the 3rd quarter worth $1,752,000. Factory Mutual Insurance Co. raised its position in shares of AON by 10.9% in the 3rd quarter. Factory Mutual Insurance Co. now owns 51,000 shares of the financial services provider’s stock worth $18,186,000 after acquiring an additional 5,000 shares in the last quarter. Warner Group LLC bought a new position in shares of AON in the 3rd quarter worth about $2,341,000. Finally, Alberta Investment Management Corp bought a new position in shares of AON in the 3rd quarter worth about $1,070,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Wells Fargo & Company lowered their price objective on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Barclays reduced their target price on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley reduced their target price on AON from $380.00 to $370.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, Bank of America upgraded AON from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $398.00 to $397.00 in a research note on Friday, February 27th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.81.

AON Stock Performance

Shares of AON opened at $331.26 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a 50-day moving average of $321.90 and a 200-day moving average of $332.80. The company has a market cap of $70.75 billion, a PE ratio of 18.18, a P/E/G ratio of 1.71 and a beta of 0.71. Aon plc has a one year low of $304.59 and a one year high of $381.00.

AON (NYSE:AON) last issued its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $5.67 EPS. On average, equities research analysts predict that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This is an increase from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. AON’s dividend payout ratio (DPR) is presently 16.36%.

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.