Modera Wealth Management LLC Has $4.08 Million Stake in Aon plc (NYSE:AON)

Modera Wealth Management LLC boosted its stake in shares of Aon plc (NYSE:AON) by 467.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,796 shares of the financial services provider’s stock after acquiring an additional 9,718 shares during the quarter. Modera Wealth Management LLC’s holdings in AON were worth $4,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Group LLC grew its stake in AON by 15.4% during the first quarter. Cornerstone Wealth Group LLC now owns 826 shares of the financial services provider’s stock worth $276,000 after buying an additional 110 shares during the last quarter. LVW Advisors LLC grew its position in AON by 11.6% during the 1st quarter. LVW Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 121 shares during the last quarter. Dash Acquisitions Inc. increased its holdings in AON by 41.7% during the 1st quarter. Dash Acquisitions Inc. now owns 17,697 shares of the financial services provider’s stock valued at $5,394,000 after purchasing an additional 5,205 shares in the last quarter. MV Capital Management Inc. boosted its stake in AON by 19.4% in the first quarter. MV Capital Management Inc. now owns 11,843 shares of the financial services provider’s stock worth $3,952,000 after purchasing an additional 1,921 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of AON by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 21,725 shares of the financial services provider’s stock worth $7,250,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays began coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Piper Sandler upped their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI upped their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of “Hold” and an average target price of $349.69.

AON Price Performance

AON stock opened at $375.44 on Monday. The firm has a market capitalization of $81.56 billion, a P/E ratio of 31.68, a PEG ratio of 2.43 and a beta of 0.92. The business has a 50-day moving average of $349.01 and a 200-day moving average of $316.66. The company has a current ratio of 2.05, a quick ratio of 2.42 and a debt-to-equity ratio of 2.66. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21.

AON (NYSE:AON) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.45 by $0.27. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. AON had a net margin of 16.32% and a return on equity of 107.43%. On average, equities analysts anticipate that Aon plc will post 15.25 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.72%. AON’s dividend payout ratio is presently 22.78%.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.