AON (NYSE:AON) Stock Price Expected to Rise, Barclays Analyst Says

AON (NYSE:AON) had its target price hoisted by Barclays from $394.00 to $440.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research analysts have also weighed in on AON. Deutsche Bank Aktiengesellschaft upped their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their target price on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Finally, Evercore ISI upped their price objective on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $362.06.

AON Stock Up 0.9 %

AON stock opened at $386.21 on Thursday. The company’s 50 day simple moving average is $362.45 and its 200-day simple moving average is $327.94. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. AON has a 52-week low of $268.06 and a 52-week high of $389.21. The firm has a market capitalization of $83.53 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.42 and a beta of 0.91.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s payout ratio is currently 22.78%.

Institutional Investors Weigh In On AON

Several large investors have recently modified their holdings of AON. Anchor Investment Management LLC raised its position in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the period. Y.D. More Investments Ltd acquired a new position in AON in the second quarter valued at about $31,000. First Personal Financial Services bought a new stake in shares of AON in the third quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON during the third quarter worth about $42,000. Finally, Eastern Bank bought a new position in shares of AON during the 3rd quarter valued at about $43,000. 86.14% of the stock is currently owned by institutional investors.

About AON

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.