Keefe, Bruyette & Woods Cuts AON (NYSE:AON) Price Target to $409.00

AON (NYSE:AON) had its price objective cut by Keefe, Bruyette & Woods from $414.00 to $409.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on AON. JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Jefferies Financial Group increased their price objective on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Barclays decreased their target price on shares of AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a research note on Wednesday. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $384.00 to $378.00 in a research note on Monday. Finally, Evercore ISI lowered their target price on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, AON has an average rating of “Hold” and a consensus price target of $390.67.

AON Price Performance

AON stock opened at $356.16 on Wednesday. The company’s 50-day moving average price is $382.31 and its two-hundred day moving average price is $375.45. The firm has a market cap of $76.91 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a 12 month low of $275.07 and a 12 month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.66 earnings per share. On average, analysts anticipate that AON will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON’s dividend payout ratio (DPR) is presently 25.38%.

Institutional Investors Weigh In On AON

Institutional investors have recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC lifted its holdings in AON by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock valued at $570,000 after buying an additional 27 shares during the period. Value Partners Investments Inc. lifted its stake in shares of AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 28 shares during the period. Brighton Jones LLC boosted its position in shares of AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after purchasing an additional 29 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 30 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

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.