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

AON (NYSE:AON) had its price target raised by JPMorgan Chase & Co. from $379.00 to $394.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Evercore ISI raised their target price on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Bank of America increased 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. Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $363.00.

AON Stock Down 0.3 %

Shares of AON stock opened at $353.98 on Friday. AON has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a 50 day moving average of $372.46 and a 200 day moving average of $344.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $76.55 billion, a P/E ratio of 29.87, a P/E/G ratio of 2.27 and a beta of 0.93.

AON Dividend Announcement

The business 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. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. AON’s payout ratio is currently 22.78%.

Insider Activity

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

Institutional Investors Weigh In On AON

Institutional investors and hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC raised its position in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of AON during the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new stake in AON in the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON during the third quarter worth $42,000. Finally, Eastern Bank acquired a new position in shares of AON in the third quarter worth $43,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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.