AON (NYSE:AON) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of AON (NYSE:AON) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada boosted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler raised their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Up 0.5 %

NYSE AON opened at $398.67 on Tuesday. AON has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a market capitalization of $86.11 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92. The stock’s 50 day moving average is $388.16 and its two-hundred day moving average is $371.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the business earned $3.89 EPS. Equities analysts forecast that AON will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON’s dividend payout ratio is currently 21.33%.

Institutional Investors Weigh In On AON

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AON. Chancellor Financial Group WB LP acquired a new position in shares of AON during the 4th quarter worth about $231,000. Wealth Enhancement Advisory Services LLC grew its holdings in AON by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,082 shares of the financial services provider’s stock valued at $10,086,000 after purchasing an additional 194 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in AON in the fourth quarter worth $23,642,000. Wealthedge Investment Advisors LLC bought a new position in shares of AON during the fourth quarter worth $638,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of AON in the 4th quarter valued at $1,039,000. 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.