AON (NYSE:AON) Price Target Raised to $327.00

AON (NYSE:AON) had its price target upped by Morgan Stanley from $325.00 to $327.00 in a report released on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. Wells Fargo & Company reduced their target price on AON from $304.00 to $295.00 and set an underweight rating on the stock in a report on Thursday, December 21st. Royal Bank of Canada reduced their target price on AON from $342.00 to $325.00 and set a sector perform rating on the stock in a report on Monday, February 5th. TD Cowen assumed coverage on AON in a report on Wednesday, January 10th. They set an outperform rating and a $390.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on AON from $294.00 to $312.00 and gave the stock an underperform rating in a report on Wednesday, April 10th. Finally, Piper Sandler upped their price objective on AON from $306.00 to $326.00 and gave the stock a neutral rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $335.36.

AON Trading Down 0.9 %

AON stock opened at $305.18 on Monday. AON has a 1-year low of $284.85 and a 1-year high of $347.37. The firm has a market cap of $60.52 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.87 and a beta of 0.86. The business’s 50 day moving average is $317.66 and its 200-day moving average is $315.18.

AON (NYSE:AON) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.89 earnings per share. Sell-side analysts forecast that AON will post 15.77 EPS for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.675 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is 19.71%.

Insider Activity

In other news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the transaction, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the transaction, the director now owns 134,000 shares in the company, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders have sold a total of 74,532 shares of company stock valued at $23,335,805 in the last 90 days. 1.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On AON

A number of large investors have recently added to or reduced their stakes in the company. Arcus Capital Partners LLC increased its holdings in AON by 2.7% during the 3rd quarter. Arcus Capital Partners LLC now owns 1,171 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 31 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in AON by 7.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 31 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in AON by 10.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 32 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in AON by 5.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 32 shares in the last quarter. Finally, Equitable Holdings Inc. grew its holdings in shares of AON by 2.3% in the 1st quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

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.