Gitterman Wealth Management LLC Acquires 1,413 Shares of Aon plc (NYSE:AON)

Gitterman Wealth Management LLC increased its holdings in Aon plc (NYSE:AON) by 227.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,035 shares of the financial services provider’s stock after buying an additional 1,413 shares during the period. AON comprises approximately 0.3% of Gitterman Wealth Management LLC’s investment 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.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of AON by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after purchasing an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of 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 in the last quarter. Proficio Capital Partners LLC increased its position in shares of 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 in the last quarter. Finally, State Street Corp increased its position in shares of 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 in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of 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 boosted their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler boosted their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $386.21.

AON Trading Up 1.3 %

Shares of AON stock opened at $399.34 on Friday. The firm has a 50-day simple moving average of $381.36 and a two-hundred day simple moving average of $368.92. The company has a market cap of $86.26 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week 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) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the firm posted $3.89 earnings per share. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

About AON

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.