Aon plc (NYSE:AON) Receives $334.69 Average PT from Brokerages

Aon plc (NYSE:AON) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $334.69.

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. TD Cowen started coverage on AON in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price for the company. JPMorgan Chase & Co. lifted their target price on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. The Goldman Sachs Group reduced their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Finally, Piper Sandler lifted their target price on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research note on Monday, February 12th.

AON Stock Performance

NYSE:AON opened at $311.02 on Friday. The stock has a market capitalization of $61.74 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.88 and a beta of 0.86. AON has a 1 year low of $284.85 and a 1 year high of $347.37. The stock has a fifty day moving average price of $317.79 and a two-hundred day moving average price of $314.64.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the business earned $3.89 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, analysts predict that AON will post 15.82 EPS for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s payout ratio is currently 19.71%.

Insider Buying and Selling

In other AON news, insider Michael Neller sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the sale, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the sale, the insider now owns 3,869 shares in the company, valued at $1,207,128. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,532 shares of company stock valued at $23,335,805. Insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AON. Arcus Capital Partners LLC lifted its stake in shares of AON by 2.7% in the 3rd quarter. Arcus Capital Partners LLC now owns 1,171 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 31 shares during the period. Ronald Blue Trust Inc. raised its stake in AON by 7.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider’s stock worth $155,000 after buying an additional 31 shares during the period. Geneos Wealth Management Inc. raised its stake in AON by 10.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider’s stock worth $111,000 after buying an additional 32 shares during the period. Integrated Advisors Network LLC raised its stake in AON by 5.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock worth $215,000 after buying an additional 32 shares during the period. Finally, Capital Planning Advisors LLC raised its stake in AON by 0.3% during the 3rd quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider’s stock worth $3,824,000 after buying an additional 35 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Company 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.