TD Cowen Boosts AON (NYSE:AON) Price Target to $432.00

AON (NYSE:AON) had its price objective hoisted by TD Cowen from $413.00 to $432.00 in a report issued on Thursday.

Other research analysts have also issued research reports about the stock. Morgan Stanley dropped their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Evercore ISI increased their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $349.69.

AON Price Performance

AON opened at $375.44 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. AON has a 1 year low of $268.06 and a 1 year high of $389.21. The stock has a fifty day moving average price of $349.01 and a 200 day moving average price of $316.67. The stock has a market cap of $81.56 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.31 and a beta of 0.92.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.27. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. Analysts forecast that AON will post 15.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. AON’s payout ratio is 21.58%.

Hedge Funds Weigh In On AON

Several large investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of AON in the second quarter valued at $31,000. Eastern Bank acquired a new position in shares of AON in the 3rd quarter valued at $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the 2nd quarter worth about $45,000. Bruce G. Allen Investments LLC boosted its position 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 valued at $49,000 after acquiring an additional 58 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in AON in the first quarter valued at about $55,000. Institutional investors and hedge funds 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.