Aon plc (NYSE:AON) Receives $341.55 Average PT from Analysts

Aon plc (NYSE:AON) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $341.55.

A number of analysts have weighed in on AON shares. JPMorgan Chase & Co. raised their price target on AON from $322.00 to $351.00 in a research note on Thursday, July 6th. Piper Sandler dropped their price target on shares of AON from $325.00 to $322.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. Royal Bank of Canada restated a “sector perform” rating and set a $352.00 price objective on shares of AON in a research report on Monday, July 31st. StockNews.com started coverage on shares of AON in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Bank of America upped their price objective on shares of AON from $365.00 to $380.00 in a research note on Sunday, July 30th.

AON Stock Performance

NYSE AON opened at $338.75 on Friday. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $68.72 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.56 and a beta of 0.90. The stock has a 50-day moving average of $329.59 and a two-hundred day moving average of $322.74. AON has a 1-year low of $266.35 and a 1-year high of $347.37.

AON (NYSE:AON) last released its earnings results on Friday, July 28th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.17 billion. AON had a net margin of 20.78% and a negative return on equity of 1,312.86%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $2.63 earnings per share. As a group, analysts anticipate that AON will post 14.26 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.615 dividend. The ex-dividend date was Monday, July 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.73%. AON’s dividend payout ratio (DPR) is currently 19.16%.

Insider Transactions at AON

In other news, Director Byron Spruell acquired 800 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $324.57 per share, with a total value of $259,656.00. Following the purchase, the director now owns 4,001 shares of the company’s stock, valued at approximately $1,298,604.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AON. Panagora Asset Management Inc. increased its position in AON by 34.7% during the 1st quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock worth $1,629,000 after purchasing an additional 1,289 shares during the period. Sequoia Financial Advisors LLC grew its holdings in AON by 134.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 937 shares during the period. Baird Financial Group Inc. raised its position in AON by 16.1% in the first quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock worth $9,264,000 after acquiring an additional 3,948 shares in the last quarter. Zions Bancorporation N.A. lifted its holdings in AON by 46.0% in the first quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 402 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in shares of AON by 5.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock worth $1,480,000 after purchasing an additional 226 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

About AON

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.