Aon plc (NYSE:AON) Receives $386.21 Average Target Price from Brokerages

Shares of Aon plc (NYSE:AON) have earned an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $390.13.

A number of brokerages have issued reports on AON. Redburn Partners set a $445.00 price objective on shares of AON in a report on Tuesday, March 25th. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd.

AON Stock Down 3.1 %

AON opened at $364.15 on Friday. The stock has a market cap of $78.66 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s fifty day moving average is $391.07 and its 200 day moving average is $374.06. AON has a fifty-two week low of $268.06 and a fifty-two week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the business earned $3.89 EPS. On average, sell-side analysts forecast that AON will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.74%. AON’s payout ratio is 21.33%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Value Partners Investments Inc. grew its position in AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 28 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after buying an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in AON by 3.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors 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.