AON (NYSE:AON) Price Target Raised to $400.00

AON (NYSE:AON) had its target price hoisted by Royal Bank of Canada from $390.00 to $400.00 in a research note issued to investors on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

Several other research analysts also recently commented on AON. Keefe, Bruyette & Woods reduced their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Barclays raised their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Performance

AON stock opened at $382.62 on Monday. AON has a 1-year low of $268.06 and a 1-year high of $395.33. The company’s 50-day moving average is $365.81 and its 200 day moving average is $355.61. The firm has a market capitalization of $82.75 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company posted $3.89 earnings per share. Research analysts forecast that AON will post 17.39 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s payout ratio is 21.33%.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Trading of AON

Several large investors have recently added to or reduced their stakes in the company. Truist Financial Corp boosted its position in AON by 4.2% in the second quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock valued at $7,627,000 after buying an additional 1,036 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in AON during the 3rd quarter valued at approximately $20,856,000. Czech National Bank increased its stake in shares of AON by 6.8% in the third quarter. Czech National Bank now owns 44,254 shares of the financial services provider’s stock worth $15,311,000 after acquiring an additional 2,821 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of AON by 0.7% during the third quarter. Handelsbanken Fonder AB now owns 54,478 shares of the financial services provider’s stock worth $18,849,000 after purchasing an additional 396 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in AON by 78.9% in the third quarter. GAMMA Investing LLC now owns 880 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.