AON (NYSE:AON) Given New $365.00 Price Target at Jefferies Financial Group

AON (NYSE:AON) had its price objective lifted by Jefferies Financial Group from $344.00 to $365.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

AON has been the subject of a number of other reports. Wells Fargo & Company boosted their price objective on AON from $287.00 to $300.00 and gave the company an underweight rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of AON from an underperform rating to an outperform rating and lifted their target price for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Barclays started coverage on AON in a report on Wednesday, September 4th. They set an overweight rating and a $394.00 price target on the stock. JPMorgan Chase & Co. increased their target price on AON from $353.00 to $379.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the stock a hold rating in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $341.81.

AON Stock Performance

Shares of AON stock opened at $359.03 on Wednesday. The firm has a market capitalization of $78.00 billion, a PE ratio of 28.14, a P/E/G ratio of 2.24 and a beta of 0.92. The company has a 50 day moving average price of $341.10 and a 200-day moving average price of $313.61. AON has a 52 week low of $268.06 and a 52 week high of $360.16. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the company earned $2.76 earnings per share. AON’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, equities research analysts expect that AON will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. AON’s payout ratio is 21.16%.

Hedge Funds Weigh In On AON

Several hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new position in AON in the 2nd quarter worth about $31,000. Rise Advisors LLC bought a new position in shares of AON during the 1st quarter worth $37,000. Nemes Rush Group LLC bought a new stake in shares of AON in the second quarter valued at about $45,000. Bruce G. Allen Investments LLC grew its holdings in 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 in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of AON in the 1st quarter worth approximately $55,000. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

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.