AON (NYSE:AON) Stock Rating Upgraded by Redburn Atlantic

Redburn Atlantic upgraded shares of AON (NYSE:AON) to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on AON. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler boosted their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON has an average rating of “Hold” and an average price target of $386.21.

AON Stock Up 0.5 %

AON stock opened at $398.67 on Tuesday. The company has a 50 day moving average of $388.16 and a 200-day moving average of $371.75. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a twelve month low of $268.06 and a twelve month high of $412.97. The stock has a market capitalization of $86.11 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its 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 in the previous year, the firm posted $3.89 earnings per share. On average, equities research analysts anticipate that AON will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

Institutional Investors Weigh In On AON

Several hedge funds have recently added to or reduced their stakes in AON. FMR LLC boosted its holdings in shares of AON by 38.5% during the 3rd quarter. FMR LLC now owns 628,956 shares of the financial services provider’s stock worth $217,612,000 after buying an additional 174,838 shares during the period. Townsquare Capital LLC boosted its holdings in shares of AON by 2.2% during the third quarter. Townsquare Capital LLC now owns 13,050 shares of the financial services provider’s stock worth $4,515,000 after acquiring an additional 284 shares during the period. Glenmede Trust Co. NA grew its position in shares of AON by 10.6% in the third quarter. Glenmede Trust Co. NA now owns 33,386 shares of the financial services provider’s stock valued at $11,551,000 after purchasing an additional 3,205 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of AON during the third quarter worth approximately $4,676,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AON by 3.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,606 shares of the financial services provider’s stock valued at $26,159,000 after purchasing an additional 2,435 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

About AON

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.