Brokerages Set Aon plc (NYSE:AON) Price Target at $321.36

Shares of Aon plc (NYSE:AONGet Free Report) have received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $330.21.

AON has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 target price on shares of AON in a report on Tuesday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Piper Sandler increased their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Finally, Morgan Stanley reduced their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th.

Check Out Our Latest Analysis on AON

AON Price Performance

AON stock opened at $330.21 on Monday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 4.13. AON has a 1 year low of $268.06 and a 1 year high of $344.68. The stock has a market capitalization of $71.73 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company’s 50-day moving average is $296.73 and its 200-day moving average is $303.61.

AON (NYSE:AONGet Free Report) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the company earned $2.76 EPS. The company’s revenue was up 18.4% on a year-over-year basis. Equities research analysts expect that AON will post 15.31 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, August 1st. AON’s payout ratio is presently 21.16%.

Insider Buying and Selling

In other news, insider Andy Weitz 8,454 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AON

A number of hedge funds have recently modified their holdings of AON. Frazier Financial Advisors LLC purchased a new position in shares of AON in the fourth quarter valued at about $31,000. Rise Advisors LLC bought a new stake in shares of AON during the 1st quarter valued at about $37,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AON during the 4th quarter valued at about $43,000. First United Bank & Trust bought a new stake in shares of AON during the 4th quarter valued at about $44,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About AON

(Get Free Report

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.

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Analyst Recommendations for AON (NYSE:AON)

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