Aon plc (NYSE:AON) Receives $386.21 Consensus PT from Analysts

Aon plc (NYSE:AON) has been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $386.21.

Several equities analysts have recently issued reports on AON shares. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Piper Sandler lifted their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th.

AON Stock Performance

Shares of AON opened at $390.90 on Tuesday. The firm has a 50-day moving average price of $382.21 and a 200 day moving average price of $369.46. The firm has a market capitalization of $84.43 billion, a PE ratio of 30.88, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a 52-week low of $268.06 and a 52-week high of $412.97.

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

AON Announces Dividend

The business 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. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Institutional Trading of AON

Several institutional investors have recently made changes to their positions in AON. Norges Bank acquired a new stake in shares of AON during the fourth quarter worth approximately $596,665,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of AON during the third quarter worth approximately $336,375,000. Artisan Partners Limited Partnership boosted its holdings in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AON by 334.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after acquiring an additional 808,990 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after acquiring an additional 627,742 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.