AON (NYSE:AON) Price Target Raised to $445.00

AON (NYSE:AON) had its target price lifted by Wells Fargo & Company from $410.00 to $445.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on AON. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Barclays lifted their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods decreased their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $380.80.

AON Stock Up 1.2 %

AON opened at $375.29 on Monday. The company has a 50 day moving average of $366.35 and a 200 day moving average of $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 has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a market cap of $81.16 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93.

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, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the previous year, the business posted $3.89 EPS. On average, sell-side analysts expect that AON will post 17.39 EPS for the current year.

AON Announces Dividend

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

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new position in AON in the 4th quarter worth about $29,000. Richardson Financial Services Inc. lifted its stake in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. First Personal Financial Services purchased a new position in AON in the 3rd quarter worth approximately $37,000. Finally, Centricity Wealth Management LLC bought a new position in AON in the 4th quarter valued at approximately $39,000. Institutional investors own 86.14% of the company’s stock.

About AON

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.