AON (NYSE:AON) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of AON (NYSE:AON – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the company. Citigroup increased their price target on AON from $339.00 to $340.00 and gave the company a neutral rating in a research report on Wednesday, February 8th. Credit Suisse Group initiated coverage on shares of AON in a report on Friday, January 13th. They set an outperform rating and a $363.00 price target on the stock. TheStreet upgraded shares of AON from a c+ rating to a b- rating in a research report on Friday, December 9th. BMO Capital Markets began coverage on AON in a research report on Thursday, January 19th. They issued a market perform rating and a $310.00 target price for the company. Finally, Piper Sandler increased their price objective on AON from $305.00 to $325.00 and gave the stock a neutral rating in a research note on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $314.80.

AON Price Performance

NYSE:AON opened at $296.59 on Thursday. AON has a 52-week low of $246.21 and a 52-week high of $341.98. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 12.27. The business’s 50-day moving average price is $310.61 and its 200 day moving average price is $297.00. The firm has a market cap of $60.84 billion, a P/E ratio of 24.47, a PEG ratio of 2.03 and a beta of 0.89.

AON (NYSE:AON – Get Rating) last issued its earnings results on Friday, February 3rd. The financial services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.22. AON had a net margin of 20.75% and a return on equity of 1,165.31%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $3.71 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that AON will post 14.53 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.76%. The ex-dividend date was Tuesday, January 31st. AON’s dividend payout ratio is 18.48%.

Insider Activity

In other AON news, CFO Christa Davies sold 20,528 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $305.11, for a total transaction of $6,263,298.08. Following the transaction, the chief financial officer now directly owns 179,571 shares of the company’s stock, valued at $54,788,907.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Michael Neller sold 1,000 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total transaction of $311,590.00. Following the completion of the sale, the insider now directly owns 1,216 shares of the company’s stock, valued at approximately $378,893.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christa Davies sold 20,528 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $305.11, for a total transaction of $6,263,298.08. Following the transaction, the chief financial officer now directly owns 179,571 shares of the company’s stock, valued at approximately $54,788,907.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,389 shares of company stock worth $22,664,130. 1.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AON

Institutional investors have recently made changes to their positions in the business. Ronald Blue Trust Inc. bought a new position in AON in the 2nd quarter worth approximately $151,000. Wealthspire Advisors LLC raised its stake in AON by 1.6% during the 3rd quarter. Wealthspire Advisors LLC now owns 4,334 shares of the financial services provider’s stock valued at $1,161,000 after purchasing an additional 68 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in AON in the 3rd quarter worth $252,000. US Bancorp DE increased its holdings in shares of AON by 1.7% during the 3rd quarter. US Bancorp DE now owns 32,679 shares of the financial services provider’s stock worth $8,754,000 after purchasing an additional 539 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of AON by 13.9% during the third quarter. Nisa Investment Advisors LLC now owns 58,970 shares of the financial services provider’s stock valued at $15,817,000 after buying an additional 7,177 shares during the last quarter. 86.12% of the stock is currently owned by institutional investors.

About AON

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Aon Plc engages in the provision of risk, health, and wealth solutions. It operates through Global Professional Services Firm segment. The Global Professional Services Firm segment involves in the provides advice and solutions to clients focused on risk, health and wealth through four principal products and services.