Aon plc (NYSE:AON) Receives $362.06 Average Target Price from Analysts

Shares of Aon plc (NYSE:AON) have been assigned an average rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $362.06.

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th.

AON Stock Down 0.6 %

AON opened at $385.51 on Friday. The company has a market cap of $83.37 billion, a PE ratio of 32.53, a P/E/G ratio of 2.43 and a beta of 0.91. 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 business has a 50 day moving average price of $368.30 and a two-hundred day moving average price of $332.88. AON has a 52 week low of $268.06 and a 52 week high of $395.33.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insiders Place Their Bets

In other 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 value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. 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

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of AON in the third quarter valued at approximately $1,959,000. World Investment Advisors LLC acquired a new stake in AON during the 3rd quarter valued at $275,000. Sanctuary Advisors LLC boosted its position in AON by 14.2% during the third quarter. Sanctuary Advisors LLC now owns 19,507 shares of the financial services provider’s stock worth $6,749,000 after purchasing an additional 2,432 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of AON by 11.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider’s stock valued at $3,492,000 after purchasing an additional 1,012 shares during the period. Finally, Anchor Investment Management LLC lifted its stake in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.