AON (NYSE:AON) Price Target Raised to $400.00 at Royal Bank of Canada

AON (NYSE:AON) had its price objective increased by Royal Bank of Canada from $390.00 to $400.00 in a report released on Monday,Benzinga reports. They currently have a sector perform rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the company. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $380.80.

AON Price Performance

Shares of AON opened at $375.29 on Monday. The stock has a market cap of $81.16 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The stock’s 50-day moving average price is $366.35 and its two-hundred day moving average price is $354.50. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the company earned $3.89 earnings per share. On average, equities analysts predict that AON will post 17.39 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Insider Activity at AON

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

Institutional Trading of AON

Several hedge funds have recently added to or reduced their stakes in AON. Endeavor Private Wealth Inc. bought a new position in AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC raised its stake in AON by 1,162.5% in the 3rd 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 in the last quarter. First Personal Financial Services bought a new stake in AON in the 3rd quarter valued at about $37,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of AON during the 4th quarter worth approximately $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

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.