Brokerages Set Aon plc (NYSE:AON) Target Price at $370.87

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

AON has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Barclays raised their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. TD Cowen boosted their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th.

AON Stock Performance

AON opened at $368.91 on Monday. The company has a market cap of $79.79 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm’s 50-day moving average price is $367.58 and its 200-day moving average price is $350.62. AON has a 52-week low of $268.06 and a 52-week high of $395.33.

AON Announces Dividend

The firm 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 annualized dividend and a yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is currently 22.78%.

Insider Transactions at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On AON

A number of large investors have recently modified their holdings of the business. Trust Point Inc. boosted its position in AON by 11.3% during the fourth quarter. Trust Point Inc. now owns 947 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 96 shares during the last quarter. One Wealth Advisors LLC lifted its stake in AON by 13.7% in the 4th quarter. One Wealth Advisors LLC now owns 737 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 89 shares in the last quarter. FSM Wealth Advisors LLC grew its position in shares of AON by 6.1% in the fourth quarter. FSM Wealth Advisors LLC now owns 682 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 39 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of AON by 45.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,102 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 342 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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.