Aon plc (NYSE:AON) Receives $362.06 Consensus PT from Analysts

Shares of Aon plc (NYSE:AON) have earned an average recommendation of “Hold” from the sixteen research firms that are covering the company, MarketBeat.com 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 price target among brokerages that have issued a report on the stock in the last year is $362.06.

A number of research analysts have weighed in on the company. Bank of America upped their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen increased their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th.

AON Trading Down 0.3 %

Shares of AON opened at $360.38 on Thursday. AON has a 1-year low of $268.06 and a 1-year high of $395.33. The firm has a market capitalization of $77.94 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.27 and a beta of 0.91. The firm’s 50-day moving average price is $372.41 and its 200-day moving average price is $342.59. 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.75%. AON’s dividend payout ratio is 22.78%.

Insider Transactions at AON

In other news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On AON

Institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in shares of AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after buying an additional 309,702 shares during the period. State Street Corp boosted its holdings in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after buying an additional 32,417 shares during the period. Mawer Investment Management Ltd. raised its stake in AON by 1.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after purchasing an additional 52,099 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after buying an additional 38,447 shares in the last quarter. Finally, Veritas Asset Management LLP boosted its holdings in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 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.