BMO Capital Markets Issues Positive Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its price target raised by BMO Capital Markets from $325.00 to $380.00 in a research note released on Monday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

AON has been the topic of several other reports. Barclays assumed coverage on shares of AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $359.19.

AON Stock Performance

AON stock opened at $379.87 on Monday. The stock has a fifty day moving average price of $354.11 and a 200 day moving average price of $320.09. AON has a 52 week low of $268.06 and a 52 week high of $389.21. The firm has a market capitalization of $82.15 billion, a P/E ratio of 32.06, a PEG ratio of 2.29 and a beta of 0.91. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. AON’s dividend payout ratio (DPR) is 22.78%.

Institutional Investors Weigh In On AON

A number of institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in AON during the second quarter valued at $31,000. First Personal Financial Services bought a new stake in shares of AON during the 3rd quarter valued at about $37,000. Eastern Bank acquired a new stake in AON during the third quarter worth about $43,000. Nemes Rush Group LLC acquired a new position in AON in the second quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 58 shares during the last quarter. 86.14% of the stock is currently 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.