AON (NYSE:AON) Price Target Raised to $380.00

AON (NYSE:AON) had its price objective boosted by BMO Capital Markets from $325.00 to $380.00 in a research report report published on Monday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

Several other research analysts have also recently commented on the company. TD Cowen raised their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Bank of America raised their price target 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. Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their target price on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price of $359.19.

AON Price Performance

Shares of AON stock opened at $381.18 on Monday. AON has a 12 month low of $268.06 and a 12 month high of $389.21. The company has a market capitalization of $82.44 billion, a P/E ratio of 32.17, a P/E/G ratio of 2.29 and a beta of 0.91. The stock has a 50 day moving average of $354.11 and a two-hundred day moving average of $320.09. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

Institutional Investors Weigh In On AON

A number of institutional investors and hedge funds have recently made changes to their positions in AON. Y.D. More Investments Ltd acquired a new position in AON in the second quarter valued at approximately $31,000. First Personal Financial Services acquired a new position in shares of AON in the 3rd quarter valued at $37,000. Eastern Bank bought a new position in shares of AON in the 3rd quarter worth $43,000. Nemes Rush Group LLC bought a new stake in AON in the second quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC lifted its stake in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares during the period. 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.