AON (NYSE:AON) Price Target Cut to $415.00 by Analysts at Barclays

AON (NYSE:AON) had its price target lowered by Barclays from $430.00 to $415.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently commented on the company. Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. Evercore ISI decreased their target price on shares of AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods increased their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. One investment 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. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $390.67.

AON Price Performance

Shares of AON stock opened at $356.16 on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $76.91 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The firm has a fifty day moving average price of $382.31 and a two-hundred day moving average price of $375.45. AON has a fifty-two week low of $275.07 and a fifty-two week high of $412.97.

AON (NYSE:AON) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 70.84% and a net margin of 16.91%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the business earned $5.66 earnings per share. Analysts expect that AON will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid 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

Hedge funds have recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC increased its position in shares of AON by 1.9% in the 1st 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 in the last quarter. Value Partners Investments Inc. increased its holdings in shares of AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 28 shares in the last quarter. Brighton Jones LLC raised its position in shares of AON by 0.4% during the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock worth $2,916,000 after purchasing an additional 29 shares during the period. Catalyst Financial Partners LLC grew its position in shares of AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 30 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in AON by 1.3% during the 4th 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 currently owned by institutional investors and hedge funds.

About AON

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.