AON (NYSE:AON) Price Target Cut to $416.00 by Analysts at TD Cowen

AON (NYSE:AON) had its price objective cut by TD Cowen from $419.00 to $416.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms also recently commented on AON. Wells Fargo & Company dropped their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Evercore ISI upped their price target on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and increased their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.21.

AON Trading Down 0.3%

AON stock opened at $339.63 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The business’s fifty day simple moving average is $356.07 and its two-hundred day simple moving average is $358.28. AON has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a market capitalization of $73.23 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89.

AON (NYSE:AON) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that AON will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is currently 23.88%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in AON in the first quarter valued at about $28,000. Saudi Central Bank bought a new position in AON in the first quarter valued at about $31,000. Heartwood Wealth Advisors LLC bought a new position in AON in the third quarter valued at about $29,000. HHM Wealth Advisors LLC lifted its holdings in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of AON in the third quarter worth about $31,000. 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.