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

MOKAN Wealth Management Inc. acquired a new position in Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,024 shares of the financial services provider’s stock, valued at approximately $1,086,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new stake in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% in 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 last quarter. Anchor Investment Management LLC grew its holdings in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services acquired a new position in shares of AON in the 3rd quarter worth $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of AON in the 3rd quarter worth $42,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

AON Price Performance

Shares of NYSE:AON opened at $387.22 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The business has a 50-day moving average of $365.76 and a two-hundred day moving average of $359.36. The stock has a market capitalization of $83.74 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05.

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, topping the consensus estimate 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 in the previous year, the firm posted $3.89 earnings per share. On average, equities research analysts predict that Aon plc will post 17.24 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s dividend payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AON. Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Barclays lifted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $386.21.

About AON

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.