Analysts Set Aon plc (NYSE:AON) Target Price at $347.06

Shares of Aon plc (NYSE:AON) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $347.06.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised their price objective on shares of AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th.

AON Price Performance

AON opened at $358.58 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The company has a market capitalization of $77.90 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 2.28 and a beta of 0.92. AON has a 1 year low of $268.06 and a 1 year high of $360.95. The firm’s fifty day moving average price is $343.39 and its two-hundred day moving average price is $314.33.

AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the firm earned $2.76 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, analysts anticipate that AON will post 15.22 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio is currently 21.58%.

Institutional Investors Weigh In On AON

A number of large investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC increased its holdings in AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after buying an additional 29 shares during the last quarter. waypoint wealth counsel grew its stake in AON by 3.6% during the third 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. Massmutual Trust Co. FSB ADV increased its holdings in shares of AON by 7.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 37 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AON by 3.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 38 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in AON by 5.5% during the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

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.