Analysts Set Aon plc (NYSE:AON) Price Target at $386.21

Shares of Aon plc (NYSE:AON) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $393.87.

Several research analysts recently weighed in on AON shares. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th.

Institutional Trading of AON

Hedge funds have recently added to or reduced their stakes in the business. Radnor Capital Management LLC increased its holdings in shares of AON by 2.0% during the 1st quarter. Radnor Capital Management LLC now owns 10,433 shares of the financial services provider’s stock worth $4,164,000 after purchasing an additional 201 shares during the period. Chemistry Wealth Management LLC acquired a new stake in shares of AON during the 1st quarter valued at about $209,000. Intellectus Partners LLC raised its position in AON by 190.4% in the first quarter. Intellectus Partners LLC now owns 2,852 shares of the financial services provider’s stock worth $1,138,000 after purchasing an additional 1,870 shares in the last quarter. Vest Financial LLC bought a new position in AON during the first quarter worth about $227,000. Finally, Annex Advisory Services LLC acquired a new stake in AON during the first quarter valued at approximately $206,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON stock opened at $375.26 on Friday. The company has a market cap of $81.06 billion, a PE ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. AON has a 12 month low of $268.06 and a 12 month high of $412.97. The company has a fifty day moving average price of $390.58 and a two-hundred day moving average price of $374.56. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $3.89 earnings per share. Research analysts expect that AON will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is an increase from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. AON’s dividend payout ratio is currently 21.33%.

AON Company Profile

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.