Aon plc (NYSE:AON) Receives $403.00 Average Target Price from Brokerages

Aon plc (NYSE:AON) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $403.00.

A number of analysts have recently weighed in on AON shares. Evercore ISI reduced their target price on shares of AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Redburn Partners set a $445.00 target price on shares of AON in a research report on Tuesday, March 25th. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on shares of AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th.

Hedge Funds Weigh In On AON

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Portside Wealth Group LLC lifted its stake in shares of AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after purchasing an additional 9,302 shares during the period. Aviva PLC lifted its stake in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock worth $91,859,000 after purchasing an additional 40,850 shares during the period. WCM Investment Management LLC lifted its stake in shares of AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after purchasing an additional 6,038 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 1,544 shares during the period. Finally, Ninety One North America Inc. lifted its stake in shares of AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after purchasing an additional 2,932 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.6%

Shares of AON stock opened at $354.39 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. The company’s fifty day simple moving average is $358.06 and its two-hundred day simple moving average is $370.49. The company has a market cap of $76.53 billion, a P/E ratio of 30.19, a PEG ratio of 2.10 and a beta of 0.84. AON has a 12-month low of $295.79 and a 12-month high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.66 earnings per share. Research analysts anticipate that AON will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, August 1st. AON’s dividend payout ratio is currently 25.38%.

AON Company 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.