AON (NYSE:AON) Price Target Lowered to $410.00 at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price target decreased by Keefe, Bruyette & Woods from $428.00 to $410.00 in a report published on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on AON. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. TD Cowen decreased their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday. Barclays reissued an “overweight” rating and issued a $420.00 target price (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Wells Fargo & Company decreased their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $421.07.

AON Price Performance

Shares of AON opened at $344.22 on Tuesday. The stock has a market capitalization of $74.22 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.92 and a beta of 0.89. AON has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a 50 day moving average of $355.57 and a 200-day moving average of $358.12. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Dividend Announcement

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

Institutional Investors Weigh In On AON

Several hedge funds have recently added to or reduced their stakes in AON. Westside Investment Management Inc. lifted its holdings in AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the first quarter worth $28,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of AON during the third quarter worth $29,000. Saudi Central Bank acquired a new stake in shares of AON during the first quarter worth $31,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of AON during the second quarter worth $31,000. 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.