Arkadios Wealth Advisors Makes New Investment in Aon plc (NYSE:AON)

Key Points

• Arkadios Wealth Advisors acquired a new position in Aon plc, purchasing 1,636 shares valued at approximately $653,000 in the first quarter.
• Aon recently reported earnings of $3.49 EPS, exceeding expectations, with a net margin of 15.54% and quarterly revenue of $4.16 billion.
• The company declared a quarterly dividend of $0.745, representing an annualized yield of 0.8%, with a payout ratio of approximately 24.96%.

Arkadios Wealth Advisors acquired a new position in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,636 shares of the financial services provider's stock, valued at approximately $653,000.

A number of other hedge funds have also recently bought and sold shares of AON. Financial Gravity Asset Management Inc. bought a new position in shares of AON in the first quarter valued at approximately $28,000. Tsfg LLC bought a new position in shares of AON in the first quarter valued at approximately $37,000. Garde Capital Inc. bought a new position in shares of AON in the first quarter valued at approximately $42,000. Meeder Asset Management Inc. grew its holdings in shares of AON by 111.3% in the first quarter. Meeder Asset Management Inc. now owns 112 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 59 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of AON in the fourth quarter valued at approximately $63,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 0.7%

AON opened at $353.09 on Monday. The company has a 50 day moving average of $358.07 and a 200 day moving average of $370.83. The company has a market cap of $76.14 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. Aon plc has a 12 month low of $322.95 and a 12 month high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 1st. AON's dividend payout ratio (DPR) is presently 24.96%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and lifted their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a report on Thursday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $409.21.

AON 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.

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