AON (NYSE:AON) Upgraded at Mizuho

Mizuho upgraded shares of AON (NYSE:AON) to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on AON. Morgan Stanley set a $400.00 price target on AON in a research report on Tuesday. Wells Fargo & Company lowered their target price on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Monday. Roth Capital reiterated a “buy” rating and issued a $390.00 price target on shares of AON in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.18.

AON Stock Down 0.0%

Shares of NYSE:AON opened at $351.78 on Monday. The company has a 50 day moving average price of $346.41 and a two-hundred day moving average price of $355.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $75.61 billion, a PE ratio of 28.19, a PEG ratio of 2.01 and a beta of 0.84. AON has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.72 EPS. Analysts forecast that AON will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is presently 23.88%.

Hedge Funds Weigh In On AON

Hedge funds have recently modified their holdings of the stock. Dodge & Cox bought a new position in shares of AON in the third quarter valued at $1,235,437,000. Norges Bank acquired a new stake in AON in the second quarter valued at $754,671,000. Viking Global Investors LP bought a new position in shares of AON in the 3rd quarter valued at about $504,424,000. Balyasny Asset Management L.P. increased its stake in shares of AON by 40,219.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after purchasing an additional 844,615 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of AON by 41.6% in the 3rd quarter. Independent Franchise Partners LLP now owns 2,096,486 shares of the financial services provider’s stock valued at $747,565,000 after purchasing an additional 615,570 shares during the period. Institutional investors 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.