Aon plc (NYSE:AON) Given Average Recommendation of “Hold” by Brokerages

Aon plc (NYSE:AON) has been assigned an average rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $337.27.

Several research firms recently weighed in on AON. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Barclays started coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Morgan Stanley lowered their target price on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th.

AON Price Performance

AON opened at $348.52 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $75.78 billion, a P/E ratio of 27.31, a PEG ratio of 2.26 and a beta of 0.92. The stock has a 50-day moving average price of $331.77 and a 200-day moving average price of $311.58. AON has a 12-month low of $268.06 and a 12-month high of $353.54.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.76 earnings per share. Equities analysts predict that AON will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

Institutional Trading of AON

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in AON during the second quarter valued at $4,867,000. Coronation Fund Managers Ltd. purchased a new stake in shares of AON in the second quarter worth about $2,812,000. Creekside Partners purchased a new position in AON during the second quarter valued at approximately $288,000. Truist Financial Corp lifted its holdings in AON by 4.2% in the second quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock valued at $7,627,000 after acquiring an additional 1,036 shares during the period. Finally, Regency Capital Management Inc. DE boosted its position in AON by 55.2% in the 2nd quarter. Regency Capital Management Inc. DE now owns 9,940 shares of the financial services provider’s stock worth $2,918,000 after purchasing an additional 3,535 shares in the last quarter. Hedge funds and other 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.