Aon plc (NYSE:AON) Receives $334.69 Average Price Target from Brokerages

Shares of Aon plc (NYSE:AON) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $334.69.

AON has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Morgan Stanley upped their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler lifted their target price on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Royal Bank of Canada reduced their price target on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. lifted their price objective on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th.

AON Price Performance

NYSE AON opened at $285.88 on Friday. The stock has a market capitalization of $56.75 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.87 and a beta of 0.86. AON has a 1-year low of $268.06 and a 1-year high of $347.37. The business’s fifty day moving average price is $317.11 and its 200-day moving average price is $314.14.

AON (NYSE:AON) last posted its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $3.89 EPS. Equities research analysts anticipate that AON will post 15.82 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.675 per share. This is a positive change from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.94%. AON’s dividend payout ratio is currently 19.71%.

Insider Buying and Selling at AON

In related news, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the sale, the chief financial officer now directly owns 159,570 shares in the company, valued at $49,690,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Christa Davies sold 20,618 shares of AON stock in a transaction on Monday, February 12th. The stock was sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the transaction, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at $49,690,098. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,532 shares of company stock worth $23,335,805. Insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AON. BKM Wealth Management LLC purchased a new stake in AON during the fourth quarter valued at approximately $25,000. Milestone Investment Advisors LLC purchased a new stake in AON during the 3rd quarter valued at $30,000. Frazier Financial Advisors LLC bought a new stake in AON in the fourth quarter worth $31,000. Rise Advisors LLC purchased a new position in AON during the first quarter worth $37,000. Finally, Headlands Technologies LLC purchased a new stake in shares of AON in the third quarter valued at $39,000. Institutional investors own 86.14% of the company’s stock.

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.