AON (NYSE:AON) Price Target Raised to $437.00

AON (NYSE:AON) had its price objective lifted by Mizuho from $426.00 to $437.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts have also recently commented on the stock. Roth Capital reissued a “buy” rating and issued a $420.00 price target on shares of AON in a research report on Friday, July 31st. Wall Street Zen lowered shares of AON from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Cantor Fitzgerald lifted their price target on AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley upped their target price on shares of AON from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Citigroup upped their price target on AON from $420.00 to $435.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $410.75.

AON Trading Up 0.8%

Shares of AON opened at $359.40 on Monday. AON has a 12-month low of $304.59 and a 12-month high of $382.34. The firm has a market capitalization of $76.24 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.84 and a beta of 0.69. The firm has a 50-day moving average price of $343.43 and a 200 day moving average price of $332.22. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34.

AON (NYSE:AON) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.01. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 earnings per share. Sell-side analysts forecast that AON will post 19.06 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd. AON’s dividend payout ratio is 18.08%.

Insider Activity at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the completion of the transaction, the general counsel directly owned 11,504 shares of the company’s stock, valued at $4,345,751.04. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 4,450 shares of company stock valued at $1,659,242 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AON

A number of large investors have recently bought and sold shares of AON. Wealth Watch Advisors INC acquired a new position in shares of AON in the third quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of AON during the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of AON during the fourth quarter valued at $29,000. Eagle Bay Advisors LLC purchased a new stake in AON during the 4th quarter worth about $30,000. Finally, Strive Asset Management LLC acquired a new position in AON in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.