AON (NYSE:AON) Price Target Raised to $440.00

AON (NYSE:AON) had its target price increased by Barclays from $394.00 to $440.00 in a research report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on AON. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective 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. TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $362.06.

AON Trading Up 0.9 %

NYSE AON opened at $386.21 on Thursday. AON has a 52 week low of $268.06 and a 52 week high of $389.21. The company has a 50 day moving average price of $362.45 and a 200 day moving average price of $327.63. 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 has a market cap of $83.53 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s dividend payout ratio is currently 22.78%.

Institutional Investors Weigh In On AON

Institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd acquired a new position in shares of AON during the second quarter valued at approximately $31,000. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services acquired a new position in AON in the 3rd quarter valued at $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON in the 3rd quarter valued at $42,000. Finally, Eastern Bank acquired a new stake in AON during the 3rd quarter worth $43,000. 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.