AON (AON) PT Raised to $155.00

AON (NYSE:AON) had its price target boosted by Barclays from $153.00 to $155.00 in a research report report published on Monday, April 1st, Stock Target Advisor reports. They currently have an equal weight rating on the financial services provider’s stock.

AON has been the subject of several other research reports. Compass Point initiated coverage on AON in a research report on Tuesday, January 15th. They issued a buy rating and a $195.00 price objective for the company. Wells Fargo & Co reiterated a hold rating on shares of AON in a research report on Tuesday, January 8th. ValuEngine downgraded AON from a buy rating to a hold rating in a research report on Wednesday, December 26th. Keefe, Bruyette & Woods downgraded AON from an outperform rating to a market perform rating in a research report on Thursday, December 13th. Finally, Goldman Sachs Group downgraded AON from a buy rating to a neutral rating and lowered their price objective for the company from $171.00 to $163.00 in a research report on Tuesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $169.30.

NYSE:AON traded down $0.09 during mid-day trading on Monday, reaching $178.29. The stock had a trading volume of 1,020,190 shares, compared to its average volume of 1,107,699. The company has a market capitalization of $42.04 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.70 and a beta of 0.94. AON has a one year low of $134.82 and a one year high of $180.10. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.64.

AON (NYSE:AON) last released its earnings results on Friday, February 1st. The financial services provider reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. AON had a return on equity of 43.49% and a net margin of 10.53%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $2.35 EPS. AON’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that AON will post 9.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 0.99%. AON’s payout ratio is 19.61%.

In other news, CFO Christa Davies sold 58,152 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the transaction, the chief financial officer now directly owns 288,016 shares of the company’s stock, valued at $49,221,934.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter M. Lieb sold 15,068 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total value of $2,603,298.36. Following the transaction, the general counsel now directly owns 17,985 shares in the company, valued at $3,107,268.45. The disclosure for this sale can be found here. Insiders have sold 74,470 shares of company stock worth $12,756,050 over the last three months. Insiders own 0.42% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AON. Altshuler Shaham Ltd purchased a new stake in AON in the fourth quarter worth $25,000. Berman Capital Advisors LLC purchased a new stake in AON in the fourth quarter worth $25,000. Oregon Public Employees Retirement Fund grew its stake in AON by 14,228.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 3,813,464 shares during the period. Sontag Advisory LLC purchased a new stake in AON in the fourth quarter worth $31,000. Finally, Somerset Trust Co grew its stake in AON by 171.8% in the first quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 134 shares during the period. 84.94% of the stock is currently owned by hedge funds and other institutional investors.

About AON

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Analyst Recommendations for AON (NYSE:AON)

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