AON (NYSE:AON) Given New $432.00 Price Target at TD Cowen

AON (NYSE:AON) had its target price boosted by TD Cowen from $413.00 to $432.00 in a report released on Thursday morning.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler boosted their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and upped their price target for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Wells Fargo & Company raised their price target on AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $349.69.

AON Stock Up 5.2 %

AON opened at $375.44 on Thursday. The business’s fifty day simple moving average is $349.01 and its 200 day simple moving average is $316.66. AON has a 52 week low of $268.06 and a 52 week high of $389.21. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a market cap of $81.63 billion, a PE ratio of 29.42, a P/E/G ratio of 2.31 and a beta of 0.92.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.45 by $0.27. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.70 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. As a group, research analysts expect that AON will post 15.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio is currently 21.16%.

Institutional Trading of AON

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after purchasing an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after buying an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. grew its position in shares of AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after buying an additional 52,099 shares during the period. Sustainable Growth Advisers LP increased its stake in shares of AON by 4.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after acquiring an additional 127,173 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its position in AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after acquiring an additional 49,161 shares during the period. 86.14% of the stock is owned by institutional investors.

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.