Wells Fargo & Company Issues Positive Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its price target hoisted by Wells Fargo & Company from $410.00 to $445.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reduced their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. TD Cowen upped their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

AON stock opened at $382.62 on Monday. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The firm’s 50-day moving average price is $365.81 and its two-hundred day moving average price is $355.61. The stock has a market capitalization of $82.75 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.02 and a beta of 0.93. AON has a 12-month low of $268.06 and a 12-month high of $395.33.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate 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 company posted $3.89 earnings per share. As a group, equities analysts predict that AON will post 17.39 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON’s dividend payout ratio is presently 21.33%.

Insider Activity at AON

In other news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On AON

Hedge funds have recently added to or reduced their stakes in the stock. 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. AMF Tjanstepension AB purchased a new stake in shares of AON during the 3rd quarter valued at about $20,856,000. Czech National Bank boosted its holdings in shares of AON by 6.8% in the third quarter. Czech National Bank now owns 44,254 shares of the financial services provider’s stock worth $15,311,000 after buying an additional 2,821 shares during the last quarter. Handelsbanken Fonder AB grew its position in AON by 0.7% during the third quarter. Handelsbanken Fonder AB now owns 54,478 shares of the financial services provider’s stock valued at $18,849,000 after buying an additional 396 shares during the period. Finally, GAMMA Investing LLC increased its holdings in AON by 78.9% during the third quarter. GAMMA Investing LLC now owns 880 shares of the financial services provider’s stock valued at $304,000 after buying an additional 388 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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.