AON (NYSE:AON) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of AON (NYSE:AON) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat reports. The Goldman Sachs Group currently has $408.00 price target on the financial services provider’s stock.

Several other research firms have also weighed in on AON. Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Evercore ISI reduced their target price on shares of AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $391.75.

AON Stock Up 0.6%

Shares of AON opened at $355.60 on Tuesday. The firm has a market cap of $76.79 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company’s fifty day moving average is $375.55 and its two-hundred day moving average is $375.38. AON has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. 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 (NYSE:AON) last announced its quarterly 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 company had revenue of $4.73 billion during 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% compared to the same quarter last year. During the same quarter last year, the business earned $5.66 EPS. Analysts forecast that AON will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is 25.38%.

Hedge Funds Weigh In On AON

Large investors have recently modified their holdings of the stock. Financial Gravity Asset Management Inc. bought a new stake in AON in the first quarter valued at about $28,000. Endeavor Private Wealth Inc. bought a new stake in AON in the fourth quarter valued at about $29,000. HHM Wealth Advisors LLC increased its holdings in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares during the last quarter. Richardson Financial Services Inc. grew its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of AON during the 4th quarter valued at about $32,000. Institutional investors own 86.14% of the company’s stock.

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.