Aon plc (NYSE:AON) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its position in Aon plc (NYSE:AON) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,465 shares of the financial services provider’s stock after selling 190 shares during the period. Peapack Gladstone Financial Corp’s holdings in AON were worth $10,582,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new position in AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its stake 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 worth $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth approximately $32,000. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in AON during the fourth quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the subject of a number of recent research reports. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Performance

Shares of NYSE AON opened at $375.94 on Monday. The company has a market capitalization of $81.20 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The business’s 50-day moving average price is $391.32 and its two-hundred day moving average price is $373.94. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS 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 last year, the business posted $3.89 EPS. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, February 3rd. AON’s dividend 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.