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

Aon plc (NYSE:AON) has received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $362.06.

AON has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th.

AON Stock Performance

NYSE AON opened at $357.97 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The business has a fifty day moving average of $372.42 and a 200-day moving average of $343.36. The stock has a market cap of $77.42 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is presently 22.78%.

Insider Buying and Selling at AON

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

Institutional Investors Weigh In On AON

A number of institutional investors have recently modified their holdings of the stock. Valley Wealth Managers Inc. increased its position in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 28 shares during the period. CVA Family Office LLC boosted its position in shares of AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC increased its holdings in shares of AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 31 shares in the last quarter. Intellectus Partners LLC lifted its stake in AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after buying an additional 31 shares in the last quarter. Finally, waypoint wealth counsel lifted its position in AON by 3.6% in the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

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.