Axxcess Wealth Management LLC Has $2.58 Million Stock Position in Aon plc (NYSE:AON)

Axxcess Wealth Management LLC lifted its holdings in Aon plc (NYSE:AON) by 9.4% during the 4th quarter, HoldingsChannel reports. The fund owned 7,190 shares of the financial services provider’s stock after acquiring an additional 617 shares during the quarter. Axxcess Wealth Management LLC’s holdings in AON were worth $2,582,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new position in shares of AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. increased its stake in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC lifted 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 acquiring an additional 93 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of AON during the 4th quarter valued at $39,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of AON during the 4th quarter worth $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.3 %

Shares of NYSE AON opened at $389.79 on Wednesday. The firm has a 50 day moving average price of $383.03 and a two-hundred day moving average price of $369.79. The stock has a market cap of $84.19 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last posted 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 period in the prior year, the business earned $3.89 earnings per share. As a group, equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $386.21.

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.