Aon plc (NYSE:AON) Receives $399.12 Average Target Price from Brokerages

by · The Cerbat Gem

Aon plc (NYSE:AONGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $399.3529.

AON has been the subject of a number of recent research reports. Wall Street Zen lowered AON from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. TD Cowen raised their target price on AON from $416.00 to $420.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets reduced their price target on AON from $375.00 to $360.00 and set a “market perform” rating for the company in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of AON in a report on Tuesday, September 1st. Finally, Mizuho dropped their price objective on shares of AON from $437.00 to $398.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 1st.

Check Out Our Latest Analysis on AON

Insider Buying and Selling at AON

In other AON news, Director Lester B. Knight bought 20,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the transaction, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the transaction, the general counsel owned 11,504 shares of the company’s stock, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,450 shares of company stock worth $1,659,242. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On AON

Hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its position in shares of AON by 10.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,646 shares of the financial services provider’s stock valued at $5,853,000 after buying an additional 1,739 shares in the last quarter. National Pension Service raised its position in AON by 2.0% during the second quarter. National Pension Service now owns 484,892 shares of the financial services provider’s stock worth $160,834,000 after acquiring an additional 9,349 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in AON by 9.2% during the second quarter. Integrated Wealth Concepts LLC now owns 14,315 shares of the financial services provider’s stock valued at $4,748,000 after purchasing an additional 1,208 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in AON by 3.5% during the second quarter. NewEdge Advisors LLC now owns 6,898 shares of the financial services provider’s stock valued at $2,288,000 after purchasing an additional 234 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of AON by 183.3% in the second quarter. IFP Advisors Inc now owns 1,592 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 1,030 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE AON opened at $311.35 on Friday. The company has a 50 day simple moving average of $349.43 and a two-hundred day simple moving average of $333.77. The stock has a market cap of $66.04 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.53 and a beta of 0.66. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. AON has a 12 month low of $302.44 and a 12 month high of $382.34.

AON (NYSE:AONGet Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter last year, the company posted $3.49 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts predict that AON will post 18.94 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. AON’s dividend payout ratio is 18.08%.

AON Company Profile

(Get Free Report)

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.

Featured Stories