Aon plc (NYSE:AON) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in Aon plc (NYSE:AON - Free Report) by 955.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,564 shares of the financial services provider's stock after buying an additional 5,942 shares during the period. Axxcess Wealth Management LLC's holdings in AON were worth $1,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AON. Lazard Asset Management LLC grew its holdings in AON by 1.1% during the third quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider's stock worth $1,452,390,000 after buying an additional 50,290 shares in the last quarter. Mackenzie Financial Corp lifted its position 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 valued at $678,406,000 after purchasing an additional 179,238 shares in the last quarter. Northern Trust Corp grew its position in AON by 0.8% in the 3rd quarter. Northern Trust Corp now owns 2,244,909 shares of the financial services provider's stock worth $727,844,000 after purchasing an additional 18,500 shares in the last quarter. FMR LLC lifted its position in shares of AON by 3.8% during the 3rd quarter. FMR LLC now owns 1,523,946 shares of the financial services provider's stock worth $494,094,000 after buying an additional 55,703 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of AON by 0.5% during the third quarter. Artisan Partners Limited Partnership now owns 1,311,515 shares of the financial services provider's stock valued at $425,219,000 after acquiring an additional 7,093 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Down 0.0 %

Shares of AON stock traded down $0.12 on Friday, reaching $279.97. The company's stock had a trading volume of 1,750,917 shares, compared to its average volume of 1,416,371. The company has a market capitalization of $60.87 billion, a P/E ratio of 21.94, a PEG ratio of 1.77 and a beta of 0.90. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37. The stock's 50 day simple moving average is $313.86 and its 200-day simple moving average is $312.39.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $5.17 EPS. Research analysts expect that Aon plc will post 15.59 EPS for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from AON's previous quarterly dividend of $0.62. AON's payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

AON has been the subject of several research analyst reports. The Goldman Sachs Group decreased their target price on AON from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, January 9th. Wells Fargo & Company dropped their target price on shares of AON from $300.00 to $289.00 and set an "underweight" rating on the stock in a research note on Monday, April 29th. UBS Group reduced their price objective on AON from $333.00 to $308.00 and set a "neutral" rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. lifted their price objective on AON from $318.00 to $353.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Finally, Royal Bank of Canada cut their target price on shares of AON from $325.00 to $315.00 and set a "sector perform" rating for the company in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $329.69.

Insider Activity

In other news, Director Lester B. Knight purchased 50,000 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now directly owns 134,000 shares in the company, valued at approximately $40,463,980. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Michael Neller sold 750 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares of the company's stock, valued at $1,207,128. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lester B. Knight acquired 50,000 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was bought at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now owns 134,000 shares of the company's stock, valued at approximately $40,463,980. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by corporate insiders.

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.