Diversify Wealth Management LLC Raises Holdings in Aon plc $AON

Diversify Wealth Management LLC grew its holdings in Aon plc (NYSE:AON) by 148.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,629 shares of the financial services provider’s stock after buying an additional 2,765 shares during the quarter. Diversify Wealth Management LLC’s holdings in AON were worth $1,493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. Vanguard Group Inc. boosted its position in shares of AON by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after purchasing an additional 191,658 shares in the last quarter. Capital World Investors grew its stake in shares of AON by 1.5% during the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after purchasing an additional 176,207 shares during the period. State Street Corp increased its holdings in shares of AON by 1.2% in the 3rd 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 in the last quarter. Dodge & Cox lifted its stake in shares of AON by 126.6% in the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after purchasing an additional 4,387,773 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $359.16 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $76.71 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.93 and a beta of 0.71. The firm has a 50-day moving average price of $329.08 and a two-hundred day moving average price of $330.87. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.67 earnings per share. As a group, research analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 18.00%.

Insider Transactions at AON

In other AON news, General Counsel Darren Zeidel sold 600 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $360.00, for a total transaction of $216,000.00. Following the sale, the general counsel owned 15,354 shares in the company, valued at approximately $5,527,440. This represents a 3.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods decreased their price target on AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Barclays upped their price target on AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Finally, Mizuho lifted their price objective on AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, AON presently has an average rating of “Moderate Buy” and an average price target of $403.19.

AON Company 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.