AON (NYSE:AON) Price Target Raised to $415.00 at Keefe, Bruyette & Woods

AON (NYSE:AON) had its target price lifted by Keefe, Bruyette & Woods from $385.00 to $415.00 in a research note published on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Piper Sandler raised their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Morgan Stanley reduced their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $355.75.

AON Trading Down 0.5 %

Shares of AON stock opened at $364.42 on Tuesday. AON has a 12-month low of $268.06 and a 12-month high of $389.21. The firm’s 50 day simple moving average is $352.15 and its two-hundred day simple moving average is $318.64. The company has a current ratio of 2.05, a quick ratio of 2.42 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $78.81 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.31 and a beta of 0.91.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 1st. AON’s payout ratio is presently 22.78%.

Institutional Investors Weigh In On AON

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in AON by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 21,725 shares of the financial services provider’s stock valued at $7,250,000 after acquiring an additional 100 shares in the last quarter. Norden Group LLC acquired a new stake in AON during the first quarter worth $2,044,000. First Trust Direct Indexing L.P. raised its holdings in AON by 8.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,260 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 337 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of AON by 1.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,115 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 42 shares during the period. Finally, Marshall Financial Group LLC raised its position in AON by 10.9% in the first quarter. Marshall Financial Group LLC now owns 2,920 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 286 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About AON

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.