Aon plc (NYSE:AON) Given Average Recommendation of “Hold” by Brokerages

Shares of Aon plc (NYSE:AON) have been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $359.19.

A number of equities research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Evercore ISI raised their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th.

AON Stock Performance

AON stock opened at $383.78 on Wednesday. AON has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a fifty day moving average price of $356.43 and a two-hundred day moving average price of $321.70. The firm has a market capitalization of $83.00 billion, a P/E ratio of 32.39, a P/E/G ratio of 2.41 and a beta of 0.91.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON’s payout ratio is 22.78%.

Institutional Investors Weigh In On AON

A number of institutional investors have recently made changes to their positions in AON. Y.D. More Investments Ltd acquired a new position in shares of AON during the 2nd quarter worth about $31,000. First Personal Financial Services bought a new stake in AON in the third quarter valued at approximately $37,000. Eastern Bank acquired a new stake in AON in the third quarter worth $43,000. Nemes Rush Group LLC bought a new position in shares of AON during the second quarter worth $45,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Company Profile

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.