Aon plc (NYSE:AON) Given Average Recommendation of “Hold” by Brokerages

Aon plc (NYSE:AON) has received an average rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $359.19.

AON has been the topic of several research reports. Barclays started coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective 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.

Institutional Investors Weigh In On AON

A number of large investors have recently modified their holdings of AON. Y.D. More Investments Ltd acquired a new stake in AON in the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new position in shares of AON in the third quarter worth $37,000. Eastern Bank acquired a new stake in shares of AON during the third quarter worth $43,000. Nemes Rush Group LLC acquired a new position in shares of AON in the 2nd quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC raised its stake in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE:AON opened at $368.70 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $79.74 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. The firm’s 50 day simple moving average is $353.27 and its 200-day simple moving average is $319.66. AON has a one year low of $268.06 and a one year high of $389.21.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

About AON

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.