Aon plc (NYSE:AON) Given Average Rating of “Moderate Buy” by Analysts

Shares of Aon plc (NYSE:AON) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $416.5625.

A number of brokerages have recently commented on AON. TD Cowen dropped their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. UBS Group reduced their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Wolfe Research assumed coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company dropped their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AON. Allworth Financial LP raised its stake in AON by 8.6% in the third quarter. Allworth Financial LP now owns 2,290 shares of the financial services provider’s stock valued at $817,000 after purchasing an additional 182 shares in the last quarter. IFP Advisors Inc raised its position in shares of AON by 59.0% during the 3rd quarter. IFP Advisors Inc now owns 159 shares of the financial services provider’s stock valued at $57,000 after buying an additional 59 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of AON by 9.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 38,449 shares of the financial services provider’s stock worth $13,710,000 after acquiring an additional 3,267 shares during the last quarter. Cambria Investment Management L.P. bought a new stake in shares of AON during the 3rd quarter worth $1,110,000. Finally, CIBC Private Wealth Group LLC increased its stake in AON by 1.1% in the third quarter. CIBC Private Wealth Group LLC now owns 22,930 shares of the financial services provider’s stock valued at $8,176,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $340.08 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The firm’s 50-day simple moving average is $347.70 and its 200 day simple moving average is $356.40. The stock has a market cap of $73.09 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.98 and a beta of 0.84. AON has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm earned $2.72 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that AON will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is presently 23.88%.

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.