AON (NYSE:AON) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of AON (NYSE:AON) in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $435.00 price target on the financial services provider’s stock.

Several other research analysts have also recently weighed in on AON. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AON in a report on Tuesday, September 1st. Morgan Stanley lifted their target price on shares of AON from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods boosted their target price on AON from $412.00 to $417.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 1st. Wall Street Zen lowered AON from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Finally, Mizuho decreased their price target on AON from $398.00 to $366.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $397.47.

AON Trading Down 1.5%

NYSE AON opened at $291.19 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $343.29 and a 200 day simple moving average of $332.51. AON has a 12 month low of $290.70 and a 12 month high of $382.34. The firm has a market capitalization of $61.77 billion, a P/E ratio of 16.05, a PEG ratio of 1.50 and a beta of 0.66.

AON (NYSE:AON) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.49 EPS. On average, analysts predict that AON will post 18.93 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 3rd. AON’s dividend payout ratio is currently 18.08%.

Insider Activity at AON

In related news, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel owned 11,504 shares of the company’s stock, valued at approximately $4,345,751.04. The trade was a 14.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the purchase, the director owned 163,000 shares of the company’s stock, valued at $53,379,240. The trade was a 13.99% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AON. Sequoia Financial Advisors LLC boosted its position in AON by 10.9% during the second quarter. Sequoia Financial Advisors LLC now owns 17,646 shares of the financial services provider’s stock worth $5,853,000 after purchasing an additional 1,739 shares during the period. National Pension Service lifted its stake in shares of AON by 2.0% during the 2nd quarter. National Pension Service now owns 484,892 shares of the financial services provider’s stock valued at $160,834,000 after buying an additional 9,349 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of AON by 9.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,315 shares of the financial services provider’s stock valued at $4,748,000 after buying an additional 1,208 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in AON by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 6,898 shares of the financial services provider’s stock worth $2,288,000 after buying an additional 234 shares during the period. Finally, IFP Advisors Inc grew its stake in AON by 183.3% in the 2nd quarter. IFP Advisors Inc now owns 1,592 shares of the financial services provider’s stock valued at $528,000 after buying an additional 1,030 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.