Garrison Point Advisors LLC Buys Shares of 753 Aon plc (NYSE:AON)

Garrison Point Advisors LLC purchased a new stake in shares of Aon plc (NYSE:AON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 753 shares of the financial services provider’s stock, valued at approximately $270,000.

A number of other hedge funds also recently added to or reduced their stakes in AON. Endeavor Private Wealth Inc. bought a new stake in shares of AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. increased its holdings in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of AON during the 4th quarter worth $32,000. Anchor Investment Management LLC grew its position in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON during the 4th quarter valued at $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AON has been the subject of several recent analyst reports. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Redburn Atlantic raised shares of AON to a “hold” rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $386.21.

AON Stock Down 4.7 %

AON opened at $375.94 on Friday. The company has a market cap of $81.20 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a 50-day moving average price of $391.32 and a 200 day moving average price of $373.76. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $3.89 EPS. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. 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 0.72%. AON’s payout ratio is presently 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.