Diversify Wealth Management LLC Grows Holdings in Aon plc $AON

Diversify Wealth Management LLC lifted its position in shares of Aon plc (NYSE:AON) by 148.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of AON by 28.4% during the second quarter. NewEdge Advisors LLC now owns 14,704 shares of the financial services provider’s stock worth $5,246,000 after purchasing an additional 3,253 shares during the last quarter. Treasurer of the State of North Carolina increased its position in AON by 9.1% during the second quarter. Treasurer of the State of North Carolina now owns 98,084 shares of the financial services provider’s stock worth $34,992,000 after purchasing an additional 8,216 shares during the last quarter. Alliancebernstein L.P. raised its stake in AON by 35.2% during the second quarter. Alliancebernstein L.P. now owns 292,210 shares of the financial services provider’s stock worth $104,249,000 after purchasing an additional 76,061 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of AON by 27.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,734 shares of the financial services provider’s stock valued at $995,000 after purchasing an additional 583 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of AON by 46.1% in the 2nd quarter. Quantinno Capital Management LP now owns 40,044 shares of the financial services provider’s stock valued at $14,286,000 after purchasing an additional 12,631 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several research reports. Wells Fargo & Company cut their target price on AON from $409.00 to $406.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Cantor Fitzgerald boosted their price target on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley raised their price objective on AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. UBS Group lifted their price objective on AON from $360.00 to $383.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Barclays boosted their target price on AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.19.

Insider Activity

In related news, General Counsel Darren Zeidel sold 600 shares of the firm’s stock in a transaction dated 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 directly owned 15,354 shares in the company, valued at approximately $5,527,440. This trade represents a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $359.16 on Wednesday. The firm’s fifty day simple moving average is $329.08 and its 200 day simple moving average is $330.87. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The firm has a market capitalization of $76.71 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.93 and a beta of 0.71.

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. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the prior year, the firm earned $5.67 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Dividend Announcement

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

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.