Aon plc (NYSE:AON) Receives $397.27 Average Target Price from Brokerages

Aon plc (NYSE:AON) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $397.27.

A number of research firms have weighed in on AON. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research note on Tuesday, March 25th. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on shares of AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Finally, Barclays dropped their price target on shares of AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB raised its position in AON by 2.1% during the 1st quarter. Swedbank AB now owns 56,012 shares of the financial services provider’s stock valued at $22,354,000 after purchasing an additional 1,140 shares during the last quarter. Voya Investment Management LLC raised its position in shares of AON by 23.3% in the 1st quarter. Voya Investment Management LLC now owns 744,241 shares of the financial services provider’s stock worth $297,019,000 after acquiring an additional 140,505 shares in the last quarter. Strs Ohio bought a new position in shares of AON in the 1st quarter worth approximately $25,509,000. GK Wealth Management LLC bought a new position in shares of AON in the 1st quarter worth approximately $281,000. Finally, Jacobi Capital Management LLC bought a new position in shares of AON in the 1st quarter worth approximately $214,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.5%

AON stock opened at $360.17 on Thursday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $77.77 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. AON has a fifty-two week low of $285.35 and a fifty-two week high of $412.97. The firm’s 50-day simple moving average is $359.37 and its 200 day simple moving average is $371.20.

AON (NYSE:AON) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.66 earnings per share. Research analysts predict that AON will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.745 per share. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. AON’s dividend payout ratio is presently 25.38%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.