Aon plc (NYSE:AON) Receives Average Recommendation of “Moderate Buy” from Brokerages

Aon plc (NYSE:AONGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $404.5625.

A number of analysts have recently commented on AON shares. UBS Group boosted their target price on shares of AON from $360.00 to $383.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wells Fargo & Company lowered their price target on shares of AON from $409.00 to $406.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Mizuho boosted their price objective on shares of AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Barclays raised their target price on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a report on Friday, July 17th.

Read Our Latest Research Report on AON

AON Stock Performance

AON stock opened at $381.65 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm has a market cap of $81.51 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.92 and a beta of 0.71. AON has a 1-year low of $304.59 and a 1-year high of $382.34. The firm has a 50-day moving average of $338.54 and a 200-day moving average of $331.59.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the firm posted $5.67 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that AON will post 19.09 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is presently 18.00%.

Insider Buying and Selling

In related 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 transaction, the general counsel owned 13,404 shares in the company, valued at $4,986,958.20. The trade was a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AON

Several large investors have recently bought and sold shares of the business. Wealth Watch Advisors INC purchased a new stake in AON during the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of AON in the 4th quarter worth $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of AON in the fourth quarter worth $29,000. Eagle Bay Advisors LLC purchased a new stake in AON during the fourth quarter valued at $30,000. Finally, Strive Asset Management LLC bought a new position in AON in the third quarter valued at about $35,000. 86.14% of the stock is currently owned by institutional investors.

AON Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AON (NYSE:AON)

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