Gitterman Wealth Management LLC Boosts Stake in Aon plc (NYSE:AON)

Gitterman Wealth Management LLC lifted its holdings in Aon plc (NYSE:AON - Free Report) by 227.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,035 shares of the financial services provider's stock after buying an additional 1,413 shares during the quarter. AON accounts for 0.3% of Gitterman Wealth Management LLC's portfolio, making the stock its 21st biggest holding. Gitterman Wealth Management LLC's holdings in AON were worth $731,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after buying an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AON by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after purchasing an additional 20,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after purchasing an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Finally, State Street Corp raised its holdings in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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AON Trading Up 0.7 %

AON stock traded up $2.72 during trading on Thursday, hitting $393.10. The company's stock had a trading volume of 855,329 shares, compared to its average volume of 1,104,395. The stock has a market capitalization of $84.91 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.12 and a beta of 0.92. The stock's fifty day moving average is $383.79 and its 200 day moving average is $369.93. 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 quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS 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 last year, the company earned $3.89 earnings per share. As a group, equities research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AON shares. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of "Hold" and an average price target of $386.21.

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.