Aon plc (NYSE:AON) Receives $394.94 Average PT from Analysts

Aon plc (NYSE:AON) has been given an average rating of “Moderate Buy” by the seventeen analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $394.9375.

AON has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods dropped their price target on shares of AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. TD Cowen restated a “buy” rating on shares of AON in a research report on Monday, March 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Finally, Piper Sandler decreased their price target on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research note on Monday, June 15th.

Institutional Trading of AON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in shares of AON by 28.4% during the second quarter. NewEdge Advisors LLC now owns 14,704 shares of the financial services provider’s stock worth $5,246,000 after purchasing an additional 3,253 shares in the last quarter. Treasurer of the State of North Carolina raised its position in AON by 9.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 98,084 shares of the financial services provider’s stock valued at $34,992,000 after purchasing an additional 8,216 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in AON by 35.2% in the second quarter. Alliancebernstein L.P. now owns 292,210 shares of the financial services provider’s stock worth $104,249,000 after buying an additional 76,061 shares during the period. Diversify Advisory Services LLC grew its holdings in AON by 27.1% in the second quarter. Diversify Advisory Services LLC now owns 2,734 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 583 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of AON by 46.1% during the second quarter. Quantinno Capital Management LP now owns 40,044 shares of the financial services provider’s stock valued at $14,286,000 after purchasing an additional 12,631 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of AON stock opened at $356.89 on Monday. The company has a market capitalization of $76.23 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.88 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $323.63 and a two-hundred day moving average of $330.77. AON has a 12 month low of $304.59 and a 12 month high of $381.00.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $5.67 earnings per share. As a group, equities analysts expect that AON will post 19.09 EPS for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.82 dividend. This is an increase from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio is presently 18.00%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.