Aon plc (NYSE:AON) Receives Average Rating of “Hold” from Analysts

Shares of Aon plc (NYSE:AON) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $370.87.

Several research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods decreased their price objective on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. TD Cowen upped their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd.

Insider Transactions at AON

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value 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. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On AON

Large investors have recently bought and sold shares of the company. American Century Companies Inc. increased its stake in AON by 49.6% in the second quarter. American Century Companies Inc. now owns 36,209 shares of the financial services provider’s stock valued at $10,630,000 after acquiring an additional 12,006 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of AON by 43.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,698 shares of the financial services provider’s stock worth $4,021,000 after buying an additional 4,122 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of AON by 5,232.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 208,022 shares of the financial services provider’s stock worth $61,071,000 after buying an additional 204,121 shares during the last quarter. AE Wealth Management LLC grew its position in AON by 21.8% in the second quarter. AE Wealth Management LLC now owns 1,553 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 278 shares during the last quarter. Finally, Sei Investments Co. raised its stake in AON by 3.8% during the second quarter. Sei Investments Co. now owns 235,263 shares of the financial services provider’s stock worth $69,068,000 after acquiring an additional 8,647 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Up 1.2 %

Shares of AON stock opened at $368.91 on Monday. AON has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The business’s 50 day simple moving average is $367.37 and its 200 day simple moving average is $351.51. The firm has a market cap of $79.79 billion, a PE ratio of 31.13, a P/E/G ratio of 2.00 and a beta of 0.93.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio is 22.78%.

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.