Aon plc (NYSE:AON) Receives $359.19 Consensus Target Price from Brokerages

Aon plc (NYSE:AON) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $359.19.

A number of research analysts have issued reports on AON shares. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Evercore ISI boosted their price target on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Barclays initiated coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Finally, TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th.

Institutional Investors Weigh In On AON

Large investors have recently made changes to their positions in the company. Moors & Cabot Inc. increased its stake in AON by 4.3% in the 3rd quarter. Moors & Cabot Inc. now owns 1,097 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 45 shares during the last quarter. Retireful LLC bought a new position in shares of AON during the third quarter valued at approximately $759,000. First Horizon Advisors Inc. lifted its position in shares of AON by 18.2% during the third quarter. First Horizon Advisors Inc. now owns 377 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 58 shares during the last quarter. Kraft Davis & Associates LLC lifted its holdings in AON by 838.3% during the 3rd quarter. Kraft Davis & Associates LLC now owns 9,336 shares of the financial services provider’s stock valued at $3,463,000 after buying an additional 8,341 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of AON by 23.1% in the third quarter. Avior Wealth Management LLC now owns 320 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 60 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 1.0 %

Shares of NYSE:AON opened at $383.72 on Wednesday. The company has a 50 day moving average price of $355.63 and a two-hundred day moving average price of $321.01. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $82.99 billion, a PE ratio of 32.38, a PEG ratio of 2.39 and a beta of 0.91. AON has a 52 week low of $268.06 and a 52 week high of $389.21.

AON Dividend Announcement

The company also recently disclosed 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 yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is 22.78%.

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.