AON (NYSE:AON) Price Target Raised to $365.00 at Jefferies Financial Group

AON (NYSE:AON) had its target price increased by Jefferies Financial Group from $344.00 to $365.00 in a research note published on Wednesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the financial services provider’s stock.

AON has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a hold rating in a research report on Monday, August 26th. Wells Fargo & Company upped their price target on shares of AON from $287.00 to $300.00 and gave the stock an underweight rating in a research report on Monday, July 29th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the company a neutral rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of AON from an underperform rating to an outperform rating and raised their price target for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Finally, Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the stock an in-line rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $347.06.

AON Stock Up 0.4 %

Shares of NYSE:AON opened at $355.15 on Wednesday. The company’s fifty day moving average is $342.73 and its two-hundred day moving average is $314.40. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. AON has a 1-year low of $268.06 and a 1-year high of $360.95. The stock has a market capitalization of $77.22 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the company earned $2.76 EPS. AON’s revenue was up 18.4% compared to the same quarter last year. Equities analysts anticipate that AON will post 15.22 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.76%. AON’s dividend payout ratio (DPR) is presently 21.16%.

Hedge Funds Weigh In On AON

Several hedge funds have recently made changes to their positions in AON. Cresset Asset Management LLC boosted its holdings in AON by 12.9% during the fourth quarter. Cresset Asset Management LLC now owns 46,996 shares of the financial services provider’s stock worth $13,677,000 after buying an additional 5,358 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of AON by 3,278.3% in the 4th quarter. Bridgewater Associates LP now owns 55,979 shares of the financial services provider’s stock worth $16,291,000 after acquiring an additional 54,322 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth $422,000. Point72 Hong Kong Ltd acquired a new position in shares of AON in the 4th quarter valued at $7,309,000. Finally, Bridgefront Capital LLC purchased a new position in AON in the 4th quarter worth about $941,000. Institutional investors and hedge funds 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.