AON (NYSE:AON) Earns Hold Rating from Wells Fargo & Co

Wells Fargo & Co reaffirmed their hold rating on shares of AON (NYSE:AON) in a research note issued to investors on Friday morning, AnalystRatings.com reports. They currently have a $195.00 target price on the financial services provider’s stock.

AON has been the subject of a number of other research reports. Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a hold rating in a research note on Wednesday, May 22nd. MKM Partners upgraded shares of AON to a buy rating and boosted their target price for the stock from $210.00 to $225.00 in a research note on Monday, June 24th. Morgan Stanley set a $620.00 target price on shares of Intuitive Surgical and gave the stock a buy rating in a research note on Friday, July 19th. Finally, Atlantic Securities downgraded shares of AON from an overweight rating to a neutral rating and set a $190.00 target price for the company. in a research note on Friday, June 14th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $182.73.

Shares of AON stock opened at $194.56 on Friday. The company has a current ratio of 1.83, a quick ratio of 2.09 and a debt-to-equity ratio of 1.72. The stock’s fifty day moving average price is $194.01. The firm has a market capitalization of $46.80 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.75 and a beta of 0.89. AON has a 12 month low of $135.30 and a 12 month high of $198.61.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.69 billion. AON had a return on equity of 48.75% and a net margin of 13.14%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. As a group, equities analysts expect that AON will post 9.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.76 annualized dividend and a yield of 0.90%. AON’s dividend payout ratio is presently 21.57%.

In other AON news, General Counsel Peter M. Lieb sold 5,200 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $178.39, for a total value of $927,628.00. Following the completion of the transaction, the general counsel now owns 16,446 shares in the company, valued at $2,933,801.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Andersen sold 7,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the completion of the transaction, the insider now owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. Insiders sold 24,345 shares of company stock valued at $4,370,513 in the last 90 days. 0.92% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its holdings in shares of AON by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock valued at $978,000 after buying an additional 125 shares during the last quarter. Ronna Sue Cohen raised its holdings in shares of AON by 17,002.4% in the first quarter. Ronna Sue Cohen now owns 831,346 shares of the financial services provider’s stock valued at $831,000 after buying an additional 826,485 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of AON by 7.3% in the first quarter. OppenheimerFunds Inc. now owns 144,550 shares of the financial services provider’s stock valued at $24,675,000 after buying an additional 9,889 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of AON by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 593,399 shares of the financial services provider’s stock valued at $101,293,000 after buying an additional 12,678 shares during the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of AON by 31.1% in the first quarter. Martingale Asset Management L P now owns 168,222 shares of the financial services provider’s stock valued at $28,717,000 after buying an additional 39,901 shares during the last quarter. Institutional investors own 84.65% of the company’s stock.

AON Company Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Analyst Recommendations for AON (NYSE:AON)

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