MOKAN Wealth Management Inc. Takes $1.09 Million Position in Aon plc (NYSE:AON)

MOKAN Wealth Management Inc. bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,024 shares of the financial services provider's stock, valued at approximately $1,086,000.

A number of other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of AON during the 3rd quarter valued at $37,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of AON during the 3rd quarter worth $42,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 0.5 %

Shares of NYSE:AON traded down $1.84 during trading on Thursday, reaching $393.04. 667,938 shares of the company traded hands, compared to its average volume of 1,018,053. The firm has a market capitalization of $85.00 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.13 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.65. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The business's fifty day moving average is $367.38 and its 200-day moving average is $360.88.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the firm earned $3.89 earnings per share. As a group, analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

AON has been the subject of several research reports. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Barclays increased their price target on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. Finally, TD Cowen upped their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AON has a consensus rating of "Hold" and a consensus price target of $386.21.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company's stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

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.