AON (NYSE:AON) Upgraded at Evercore ISI

Evercore ISI upgraded shares of AON (NYSE:AON) from an in-line rating to an outperform rating in a report issued on Wednesday, Marketbeat Ratings reports. They currently have $420.00 target price on the financial services provider’s stock, up from their previous target price of $407.00.

A number of other equities analysts have also weighed in on the company. Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. TD Cowen lifted their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Bank of America increased their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $368.67.

AON Stock Performance

AON opened at $349.28 on Wednesday. The business has a fifty day simple moving average of $370.20 and a 200-day simple moving average of $346.20. The firm has a market cap of $75.54 billion, a PE ratio of 29.48, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.77%. AON’s dividend payout ratio is currently 22.78%.

Insider Buying and Selling at AON

In other AON news, 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 value of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new stake in shares of AON during the 2nd quarter worth $31,000. Anchor Investment Management LLC boosted its holdings 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 valued at $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services acquired a new stake in shares of AON in the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON in the third quarter worth about $42,000. Finally, Eastern Bank acquired a new position in shares of AON during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

About AON

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.