Aon plc (NYSE:AON) Receives $337.27 Consensus Target Price from Analysts

Aon plc (NYSE:AON) has been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $337.27.

Several research analysts have issued reports on the company. Morgan Stanley dropped their price target on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company upped their target price on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and upped their price target for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th.

AON Stock Performance

Shares of AON opened at $348.52 on Tuesday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. AON has a 12-month low of $268.06 and a 12-month high of $353.54. The business’s fifty day moving average price is $331.77 and its 200 day moving average price is $311.58. The stock has a market capitalization of $75.78 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the business earned $2.76 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities research analysts forecast that AON will post 15.23 EPS for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s payout ratio is 21.16%.

Hedge Funds Weigh In On AON

Several large investors have recently bought and sold shares of AON. Gryphon Financial Partners LLC increased its stake in shares of AON by 262.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 2,989 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of AON by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock valued at $96,549,000 after buying an additional 4,843 shares during the period. Radnor Capital Management LLC grew its stake in shares of AON by 203.6% during the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after acquiring an additional 4,218 shares during the period. Y.D. More Investments Ltd purchased a new stake in AON in the 2nd quarter worth about $31,000. Finally, Norden Group LLC bought a new stake in AON in the 1st quarter valued at about $2,044,000. 86.14% of the stock is currently owned by institutional investors.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions 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.