Aon plc (NYSE:AON) Receives $392.00 Consensus Target Price from Brokerages

Aon plc (NYSE:AON) has earned an average rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $390.67.

Several equities research analysts recently issued reports on the stock. Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Jefferies Financial Group lifted their price target on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada boosted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd.

Institutional Trading of AON

Several hedge funds have recently bought and sold shares of AON. Norges Bank acquired a new position in AON during the 4th quarter worth $596,665,000. Artisan Partners Limited Partnership grew its position in AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock valued at $742,582,000 after buying an additional 960,204 shares in the last quarter. GAMMA Investing LLC raised its position in shares of AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider’s stock worth $304,052,000 after buying an additional 760,516 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after acquiring an additional 627,742 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of AON by 5,877.4% in the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock valued at $192,572,000 after acquiring an additional 527,204 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

Shares of AON stock opened at $356.16 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $76.91 billion, a PE ratio of 28.13, a P/E/G ratio of 2.12 and a beta of 0.82. The company’s fifty day simple moving average is $382.31 and its 200-day simple moving average is $375.45. AON has a 52 week low of $275.07 and a 52 week high of $412.97.

AON (NYSE:AON) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. AON’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $5.66 EPS. As a group, equities research analysts anticipate that AON will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is an increase from AON’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON’s payout ratio is 25.38%.

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.