Gitterman Wealth Management LLC Has $461,000 Position in Aon plc (NYSE:AON)

Gitterman Wealth Management LLC increased its holdings in shares of Aon plc (NYSE:AON) by 71.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,582 shares of the financial services provider’s stock after acquiring an additional 658 shares during the quarter. AON comprises 0.2% of Gitterman Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Gitterman Wealth Management LLC’s holdings in AON were worth $461,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in AON by 1.1% in the 3rd quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock valued at $1,452,390,000 after buying an additional 50,290 shares in the last quarter. Mackenzie Financial Corp grew its holdings in AON by 8.3% in the 4th quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after buying an additional 179,238 shares in the last quarter. Northern Trust Corp grew its holdings 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 valued at $727,844,000 after buying an additional 18,500 shares in the last quarter. FMR LLC grew its holdings in AON by 3.8% in the 3rd quarter. FMR LLC now owns 1,523,946 shares of the financial services provider’s stock valued at $494,094,000 after buying an additional 55,703 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in AON by 0.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,311,515 shares of the financial services provider’s stock valued at $425,219,000 after buying an additional 7,093 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lester B. Knight purchased 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, with a total value of $15,098,500.00. Following the completion of the purchase, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Lester B. Knight purchased 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, with a total value of $15,098,500.00. Following the completion of the purchase, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock valued at $23,335,805 in the last 90 days. Corporate insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AON shares. The Goldman Sachs Group decreased their price objective on AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Keefe, Bruyette & Woods upped their target price on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Piper Sandler upped their target price on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. UBS Group cut their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Finally, Morgan Stanley upped their target price on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $334.69.

AON Price Performance

Shares of AON stock traded down $20.97 on Friday, hitting $285.03. 4,566,608 shares of the company’s stock were exchanged, compared to its average volume of 882,672. Aon plc has a 12 month low of $268.06 and a 12 month high of $347.37. The company has a 50 day moving average of $317.11 and a 200 day moving average of $314.06. The stock has a market cap of $56.58 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86.

AON (NYSE:AON) last issued its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the company earned $5.17 EPS. AON’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts predict that Aon plc will post 15.82 EPS for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.95%. 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 dividend payout ratio is presently 21.16%.

AON Profile

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.