JPMorgan Chase & Co. Issues Positive Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its target price lifted by JPMorgan Chase & Co. from $379.00 to $394.00 in a research note published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other research firms have also weighed in on AON. Evercore ISI raised their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Bank of America boosted their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. TD Cowen upped their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $363.00.

AON Price Performance

Shares of AON stock opened at $353.98 on Friday. The firm has a market cap of $76.55 billion, a PE ratio of 29.87, a PEG ratio of 2.27 and a beta of 0.93. The stock has a 50 day moving average of $372.03 and a 200 day moving average of $344.70. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. AON has a 12 month low of $268.06 and a 12 month high of $395.33.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On AON

Several institutional investors and hedge funds have recently bought and sold shares of AON. Massachusetts Financial Services Co. MA boosted its position in shares of AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares in the last quarter. State Street Corp boosted its holdings in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after acquiring an additional 52,099 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after purchasing an additional 38,447 shares during the last quarter. Finally, Veritas Asset Management LLP boosted its stake in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other 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.