AON (NYSE:AON) Price Target Raised to $326.00 at Piper Sandler

AON (NYSE:AONFree Report) had its price objective lifted by Piper Sandler from $306.00 to $326.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

AON has been the topic of a number of other research reports. TD Cowen initiated coverage on shares of AON in a research report on Wednesday, January 10th. They set an outperform rating and a $390.00 target price on the stock. UBS Group lowered their price target on shares of AON from $333.00 to $308.00 and set a neutral rating on the stock in a report on Monday, February 5th. BMO Capital Markets lowered their price target on shares of AON from $350.00 to $325.00 and set a market perform rating on the stock in a report on Friday, December 22nd. Royal Bank of Canada lowered their price target on shares of AON from $342.00 to $325.00 and set a sector perform rating on the stock in a report on Monday, February 5th. Finally, The Goldman Sachs Group lowered their price target on shares of AON from $350.00 to $310.00 and set a neutral rating on the stock in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $336.36.

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AON Trading Down 0.8 %

Shares of AON stock opened at $310.03 on Monday. AON has a 1 year low of $280.89 and a 1 year high of $347.37. The firm’s fifty day simple moving average is $303.20 and its 200 day simple moving average is $318.13. The firm has a market capitalization of $62.07 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86. The company has a current ratio of 1.27, a quick ratio of 1.41 and a debt-to-equity ratio of 61.66.

AON (NYSE:AONGet Free Report) last announced its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the firm posted $3.89 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that AON will post 15.93 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.615 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.46 annualized dividend and a yield of 0.79%. AON’s dividend payout ratio (DPR) is 19.71%.

Insider Buying and Selling

In related news, Director Lester B. Knight purchased 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Partners Capital Investment Group LLP lifted its position in AON by 12.4% during the 4th quarter. Partners Capital Investment Group LLP now owns 32,743 shares of the financial services provider’s stock valued at $9,529,000 after purchasing an additional 3,624 shares during the period. Bank of Nova Scotia lifted its position in AON by 206.7% during the 4th quarter. Bank of Nova Scotia now owns 104,444 shares of the financial services provider’s stock valued at $30,394,000 after purchasing an additional 70,389 shares during the period. Scotia Capital Inc. lifted its position in AON by 155.6% during the 4th quarter. Scotia Capital Inc. now owns 19,588 shares of the financial services provider’s stock valued at $5,700,000 after purchasing an additional 11,924 shares during the period. Catalytic Wealth RIA LLC acquired a new position in AON during the 4th quarter valued at about $257,000. Finally, Jensen Investment Management Inc. lifted its position in AON by 2.1% during the 4th quarter. Jensen Investment Management Inc. now owns 5,340 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 110 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

AON Company Profile

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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.

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Analyst Recommendations for AON (NYSE:AON)

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