AON (NYSE:AON) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of AON (NYSE:AON) from an equal weight rating to an overweight rating in a research report released on Tuesday morning, Marketbeat.com reports. Wells Fargo & Company currently has $410.00 price objective on the financial services provider’s stock, up from their prior price objective of $377.00.

Several other equities analysts also recently commented on the stock. Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $370.87.

AON Stock Up 2.0 %

NYSE AON opened at $368.26 on Tuesday. AON has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a market capitalization of $79.64 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 1.95 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a fifty day moving average of $369.47 and a two-hundred day moving average of $348.00.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s payout ratio is presently 22.78%.

Insider Activity at AON

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services purchased a new position in AON during the 3rd quarter worth $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON during the 3rd quarter valued at about $42,000. Eastern Bank purchased a new stake in AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC acquired a new stake in AON in the second quarter worth about $45,000. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

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.