Marshall Financial Group LLC Buys 286 Shares of Aon plc (NYSE:AON)

Marshall Financial Group LLC grew its stake in Aon plc (NYSE:AON) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,920 shares of the financial services provider’s stock after acquiring an additional 286 shares during the period. Marshall Financial Group LLC’s holdings in AON were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AON. Capital International Investors raised its stake in shares of AON by 0.4% during the fourth quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after buying an additional 22,346 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of AON by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after buying an additional 179,238 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 14.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,472,309 shares of the financial services provider’s stock worth $428,280,000 after buying an additional 182,688 shares during the last quarter. Norges Bank bought a new stake in shares of AON during the fourth quarter worth approximately $423,030,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of AON by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider’s stock worth $307,989,000 after buying an additional 5,727 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.3 %

Shares of AON opened at $294.77 on Friday. Aon plc has a 12 month low of $268.06 and a 12 month high of $344.68. The firm has a fifty day simple moving average of $288.45 and a 200 day simple moving average of $301.98. The stock has a market capitalization of $64.09 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.96 and a beta of 0.91.

AON (NYSE:AON) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the company posted $5.17 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts predict that Aon plc will post 15.46 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.675 per share. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.92%. The ex-dividend date was Tuesday, April 30th. AON’s dividend payout ratio is 21.16%.

Insiders Place Their Bets

In other news, Director Lester B. Knight purchased 10,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the transaction, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AON. JPMorgan Chase & Co. boosted their price objective on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Bank of America cut shares of AON from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Morgan Stanley boosted their price objective on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Citigroup began coverage on shares of AON in a report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $311.00 price target on shares of AON in a report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $321.71.

About AON

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.