Gitterman Wealth Management LLC Has $416,000 Holdings in Aon plc $AON

Key Points

• Gitterman Wealth Management LLC reduced its holdings in Aon plc by 48.8%, selling 993 shares to own a total of 1,042 shares valued at $416,000.
• Institutional investors control 86.14% of Aon's stock, with major growth from firms like Vanguard Group Inc. and Polen Capital Management LLC in the first quarter.
• Aon’s earnings per share (EPS) for the latest quarter was $3.49, surpassing estimates and indicating a 10.5% year-over-year revenue growth.

Gitterman Wealth Management LLC lessened its holdings in Aon plc (NYSE:AON - Free Report) by 48.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,042 shares of the financial services provider's stock after selling 993 shares during the quarter. Gitterman Wealth Management LLC's holdings in AON were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Relyea Zuckerberg Hanson LLC boosted its stake in shares of AON by 1.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 27 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after purchasing an additional 29 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 29 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 30 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

AON Stock Down 0.2%

AON stock traded down $0.8030 during mid-day trading on Friday, hitting $374.4670. 1,190,563 shares of the company were exchanged, compared to its average volume of 1,419,945. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $80.75 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.22 and a beta of 0.83. The firm's 50 day simple moving average is $359.36 and its 200 day simple moving average is $370.39. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $2.93 EPS. On average, sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio (DPR) is 24.96%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AON shares. Morgan Stanley reaffirmed a "cautious" rating on shares of AON in a research note on Monday, August 18th. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Citigroup started coverage on shares of AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target on the stock. Evercore ISI increased their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price target (up from $436.00) on shares of AON in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $409.18.

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.