MOKAN Wealth Management Inc. Has $1.32 Million Holdings in Aon plc $AON

MOKAN Wealth Management Inc. lifted its holdings in Aon plc (NYSE:AON) by 20.3% during the 2nd quarter, Holdings Channel reports. The fund owned 3,714 shares of the financial services provider’s stock after acquiring an additional 628 shares during the quarter. MOKAN Wealth Management Inc.’s holdings in AON were worth $1,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. U.S. Capital Wealth Advisors LLC increased its position in shares of AON by 0.9% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock valued at $1,108,000 after buying an additional 28 shares in the last quarter. Brighton Jones LLC increased its position in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after buying an additional 29 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 30 shares during the period. Finally, Sunflower Bank N.A. boosted its stake in AON by 1.8% in the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 30 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AON. Citigroup began coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. Evercore ISI upped their target price on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. TD Cowen reduced their target price on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $420.00 target price (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $420.00.

AON Trading Down 0.2%

AON stock opened at $359.82 on Monday. The firm has a 50-day moving average of $364.41 and a 200-day moving average of $362.53. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $77.59 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 2.14 and a beta of 0.89.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $2.93 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio (DPR) is 24.96%.

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.