Garrison Point Advisors LLC Invests $270,000 in Aon plc (NYSE:AON)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in AON in the 4th quarter worth approximately $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 worth $30,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON during the 4th quarter valued at $32,000. Anchor Investment Management LLC boosted its holdings in 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 period. Finally, Centricity Wealth Management LLC purchased a new stake in AON in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 4.7 %

NYSE AON opened at $375.94 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The firm has a market capitalization of $81.20 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.12 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a fifty day moving average of $391.32 and a two-hundred day moving average of $373.76.

AON (NYSE:AON) last issued its quarterly 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 net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business posted $3.89 EPS. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.72%. 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

A number of research firms have recently weighed in on AON. Piper Sandler upped their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research report on Tuesday, March 25th. Royal Bank of Canada lifted their price target 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. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $386.21.

AON Company 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.