Aon plc (NYSE:AON) Receives Average Recommendation of “Hold” from Brokerages

Shares of Aon plc (NYSE:AON) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $359.19.

A number of analysts have recently issued reports on AON shares. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Barclays began coverage on AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley reduced their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th.

Hedge Funds Weigh In On AON

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd purchased a new position in AON during the second quarter worth $31,000. First Personal Financial Services purchased a new stake in AON in the 3rd quarter worth about $37,000. Eastern Bank bought a new stake in AON in the third quarter worth about $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the second quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.8 %

AON stock opened at $368.70 on Wednesday. The business’s 50-day moving average price is $353.27 and its 200-day moving average price is $319.66. The stock has a market cap of $79.74 billion, a P/E ratio of 31.11, a PEG ratio of 2.29 and a beta of 0.91. AON has a twelve month low of $268.06 and a twelve month high of $389.21. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s dividend payout ratio (DPR) is presently 22.78%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.