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

Motley Fool Wealth Management LLC decreased its position in Aon plc (NYSE:AON) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of AON by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after purchasing an additional 191,658 shares during the last quarter. Capital World Investors grew its position in shares of AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock valued at $4,323,850,000 after purchasing an additional 176,207 shares during the last quarter. State Street Corp grew its position in shares of AON by 1.2% in the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after purchasing an additional 105,154 shares during the last quarter. Geode Capital Management LLC grew its position in AON by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after buying an additional 28,066 shares in the last quarter. Finally, Dodge & Cox acquired a new stake in AON during the third quarter worth approximately $1,235,437,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.7%

Shares of AON stock opened at $331.26 on Wednesday. The stock’s fifty day moving average price is $321.90 and its two-hundred day moving average price is $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 fifty-two week low of $304.59 and a fifty-two week high of $381.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the business posted $5.67 EPS. AON’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts predict that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.82 per share. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s dividend payout ratio (DPR) is 16.36%.

Analyst Ratings Changes

AON has been the topic of a number of analyst reports. Barclays reduced their price target on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Mizuho reduced their price target on AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price target on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Citigroup increased their price target on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Morgan Stanley reduced their price target on AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AON currently has a consensus 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.