Analysts Set Aon plc (NYSE:AON) PT at $410.75

Shares of Aon plc (NYSE:AON) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $412.6250.

Several research firms have commented on AON. Piper Sandler raised their price objective on AON from $377.00 to $391.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on AON from $406.00 to $419.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating on shares of AON in a report on Tuesday, August 18th. Mizuho boosted their price target on AON from $426.00 to $437.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, UBS Group increased their price objective on shares of AON from $383.00 to $387.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd.

AON Price Performance

AON opened at $359.20 on Tuesday. AON has a 52-week low of $304.59 and a 52-week high of $382.34. The company has a 50 day moving average of $350.76 and a two-hundred day moving average of $333.45. The company has a market cap of $76.20 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.83 and a beta of 0.69. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34.

AON (NYSE:AON) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the firm posted $3.49 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that AON will post 19.05 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 3rd. AON’s dividend payout ratio (DPR) is presently 18.08%.

Insider Buying and Selling

In other AON news, General Counsel Darren Zeidel sold 1,950 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $372.05, for a total value of $725,497.50. Following the completion of the transaction, the general counsel directly owned 13,404 shares of the company’s stock, valued at $4,986,958.20. This represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 4,450 shares of company stock valued at $1,659,242. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aviva PLC raised its stake in AON by 2.0% during the fourth quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock valued at $117,669,000 after buying an additional 6,622 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AON by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock worth $13,251,000 after acquiring an additional 6,509 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of AON by 9.1% in the 4th quarter. Handelsbanken Fonder AB now owns 67,034 shares of the financial services provider’s stock valued at $23,655,000 after acquiring an additional 5,585 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of AON by 1,864.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 343,754 shares of the financial services provider’s stock valued at $121,304,000 after acquiring an additional 326,256 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new position in AON in the fourth quarter worth $1,359,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.