BMO Capital Markets Issues Positive Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its price target boosted by BMO Capital Markets from $325.00 to $380.00 in a report issued on Monday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

Several other research firms also recently issued reports on AON. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley reduced their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Evercore ISI raised their price objective on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Piper Sandler raised their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average price target of $359.19.

AON Stock Performance

NYSE AON opened at $365.64 on Monday. The business has a 50 day moving average price of $352.71 and a 200 day moving average price of $319.24. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $79.08 billion, a P/E ratio of 30.86, a PEG ratio of 2.29 and a beta of 0.91. AON has a 1-year low of $268.06 and a 1-year high of $389.21.

AON Dividend Announcement

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

Institutional Trading of AON

Several institutional investors have recently made changes to their positions in AON. Vanguard Group Inc. boosted its holdings in AON by 0.4% in the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after acquiring an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the period. Mawer Investment Management Ltd. increased its position in AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares in the last quarter. Veritas Asset Management LLP raised its holdings in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after buying an additional 883,761 shares during the period. Finally, Sustainable Growth Advisers LP lifted its position in AON by 4.7% during the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after buying an additional 127,173 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.