Aon PLC (AON) Receives Average Recommendation of “Hold” from Analysts
Shares of Aon PLC (NYSE:AON) have received an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $165.00.
Several analysts have recently commented on AON shares. Citigroup increased their target price on shares of AON from $167.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 12th. Sandler O’Neill upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Zacks Investment Research upgraded shares of AON from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Monday, December 31st. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Morgan Stanley raised their price objective on shares of AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 14th.
Shares of AON stock traded down $0.38 on Friday, hitting $147.25. The stock had a trading volume of 963,246 shares, compared to its average volume of 1,174,843. The company has a market cap of $34.95 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.34 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.41 and a quick ratio of 1.41. AON has a 12-month low of $133.41 and a 12-month high of $166.55.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. AON’s dividend payout ratio (DPR) is presently 24.54%.
In related news, CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total transaction of $640,000.00. Following the completion of the sale, the chief executive officer now owns 41,796 shares in the company, valued at $6,687,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA boosted its position in AON by 25.0% during the second quarter. Federated Investors Inc. PA now owns 4,897 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 978 shares during the period. OppenheimerFunds Inc. boosted its position in AON by 62.6% during the second quarter. OppenheimerFunds Inc. now owns 152,217 shares of the financial services provider’s stock worth $20,879,000 after purchasing an additional 58,594 shares during the period. First Republic Investment Management Inc. boosted its position in AON by 2.0% during the second quarter. First Republic Investment Management Inc. now owns 29,671 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 582 shares during the period. Voya Investment Management LLC boosted its position in AON by 1.6% during the second quarter. Voya Investment Management LLC now owns 92,050 shares of the financial services provider’s stock worth $12,627,000 after purchasing an additional 1,447 shares during the period. Finally, Morgan Stanley boosted its position in AON by 4.6% during the second quarter. Morgan Stanley now owns 821,497 shares of the financial services provider’s stock worth $112,685,000 after purchasing an additional 36,355 shares during the period. Institutional investors and hedge funds own 84.55% of the company’s stock.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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