Brokerages Set Aon plc (NYSE:AON) PT at $336.36

Aon plc (NYSE:AON) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $336.36.

Several analysts recently commented on AON shares. Piper Sandler raised their price objective on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. TD Cowen started coverage on shares of AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective for the company. Keefe, Bruyette & Woods cut shares of AON from a “market perform” rating to an “underperform” rating and set a $328.00 price objective for the company. in a research note on Friday, December 15th. Royal Bank of Canada reduced their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. Finally, The Goldman Sachs Group cut their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th.

AON Stock Down 1.2 %

Shares of NYSE:AON opened at $329.59 on Tuesday. The company has a market cap of $65.36 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.31 and a beta of 0.86. The firm’s 50-day simple moving average is $313.74 and its 200-day simple moving average is $316.59. AON has a fifty-two week low of $284.85 and a fifty-two week high of $347.37.

AON (NYSE:AON) last issued its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.89 EPS. On average, research analysts forecast that AON will post 15.78 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.615 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.75%. AON’s payout ratio is 19.71%.

Insider Activity at AON

In related news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other AON news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christa Davies sold 40,164 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the sale, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,991,685.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AON. Arcus Capital Partners LLC raised its holdings in AON by 2.7% in the third quarter. Arcus Capital Partners LLC now owns 1,171 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 31 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings in AON by 7.4% in the third quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 31 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in AON by 10.4% in the third quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 32 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 32 shares in the last quarter. Finally, Equitable Holdings Inc. raised its holdings in AON by 2.3% in the first quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 32 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

About AON

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.