Shares of Aon PLC (NYSE:AON) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $188.80.
Several brokerages have issued reports on AON. MKM Partners raised AON to a “buy” rating and upped their target price for the stock from $210.00 to $225.00 in a research note on Monday, June 24th. Barclays upped their target price on AON from $155.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 22nd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $195.00 target price on shares of AON in a research note on Friday, July 26th. Morgan Stanley upped their target price on AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, UBS Group upped their target price on AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th.
AON traded down $2.28 during midday trading on Wednesday, hitting $188.76. The stock had a trading volume of 5,910 shares, compared to its average volume of 707,225. The stock has a market capitalization of $45.06 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.76 and a beta of 0.86. The company’s fifty day moving average is $194.39. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.09 and a current ratio of 1.83. AON has a 1 year low of $135.30 and a 1 year high of $198.61.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.44 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.76 annualized dividend and a yield of 0.93%. AON’s payout ratio is currently 21.57%.
In other AON news, insider Eric Andersen sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total value of $1,338,750.00. Following the completion of the sale, the insider now owns 80,941 shares in the company, valued at $14,447,968.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter M. Lieb sold 11,645 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $180.69, for a total value of $2,104,135.05. Following the completion of the sale, the general counsel now owns 4,408 shares of the company’s stock, valued at approximately $796,481.52. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of AON by 12.7% during the second quarter. CWM LLC now owns 506 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 57 shares in the last quarter. Aurora Investment Counsel raised its holdings in shares of AON by 0.5% during the first quarter. Aurora Investment Counsel now owns 11,577 shares of the financial services provider’s stock valued at $1,976,000 after acquiring an additional 58 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in AON by 3.7% in the second quarter. Cornerstone Advisors Inc. now owns 1,637 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 59 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in AON by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,320 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 60 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in AON by 5.5% in the second quarter. Park Avenue Securities LLC now owns 1,218 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.
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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