Aon plc (NYSE:AON) Receives Average Recommendation of “Moderate Buy” from Analysts

Aon plc (NYSE:AON) has earned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $413.1765.

Several research analysts have recently weighed in on the stock. Mizuho initiated coverage on shares of AON in a research report on Monday. They set a “neutral” rating and a $389.00 price target on the stock. Barclays reiterated an “equal weight” rating and issued a $379.00 target price (down from $420.00) on shares of AON in a report on Thursday, November 20th. TD Cowen cut their price target on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research note on Monday.

Institutional Investors Weigh In On AON

A number of institutional investors have recently made changes to their positions in the stock. Hudson Bay Capital Management LP purchased a new position in shares of AON during the 3rd quarter worth approximately $10,381,000. Allworth Financial LP lifted its stake in AON by 8.6% during the third quarter. Allworth Financial LP now owns 2,290 shares of the financial services provider’s stock worth $817,000 after purchasing an additional 182 shares in the last quarter. IFP Advisors Inc boosted its position in shares of AON by 59.0% during the third quarter. IFP Advisors Inc now owns 159 shares of the financial services provider’s stock worth $57,000 after buying an additional 59 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of AON by 9.3% in the third quarter. Swiss Life Asset Management Ltd now owns 38,449 shares of the financial services provider’s stock valued at $13,710,000 after buying an additional 3,267 shares in the last quarter. Finally, Cambria Investment Management L.P. purchased a new stake in shares of AON in the 3rd quarter valued at $1,110,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 0.0%

Shares of AON stock opened at $351.78 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $346.41 and its 200-day simple moving average is $355.96. The stock has a market cap of $75.61 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.01 and a beta of 0.84. AON has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.72 earnings per share. Analysts predict that AON will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is 23.88%.

AON Company Profile

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.