Gerber LLC Cuts Holdings in Aon plc (NYSE:AON)

Gerber LLC lessened its stake in shares of Aon plc (NYSE:AON - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,790 shares of the financial services provider's stock after selling 753 shares during the period. AON comprises 6.0% of Gerber LLC's investment portfolio, making the stock its 6th largest holding. Gerber LLC's holdings in AON were worth $8,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new position in shares of AON during the fourth quarter valued at $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after buying an additional 93 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter valued at $39,000. Finally, Kestra Investment Management LLC acquired a new stake in AON in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AON. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $386.21.

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AON Stock Performance

NYSE:AON opened at $398.02 on Thursday. The company has a market capitalization of $85.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a fifty day simple moving average of $379.68 and a two-hundred day simple moving average of $368.12.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the firm earned $3.89 earnings per share. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio is 21.33%.

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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