Aon plc (NYSE:AON) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Aon plc (NYSE:AON) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $416.5625.

Several research analysts have issued reports on the company. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. JPMorgan Chase & Co. dropped their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Piper Sandler increased their target price on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group lowered their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th.

Institutional Investors Weigh In On AON

A number of institutional investors and hedge funds have recently bought and sold shares of AON. Westside Investment Management Inc. grew its position in shares of AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after buying an additional 35 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in AON in the third quarter worth about $25,000. Heartwood Wealth Advisors LLC bought a new position in AON during the 3rd quarter worth about $29,000. Saudi Central Bank purchased a new position in AON during the 1st quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of AON in the 2nd quarter valued at about $31,000. 86.14% of the stock is owned by institutional investors.

AON Stock Up 0.2%

NYSE AON opened at $346.58 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. AON has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a market capitalization of $74.49 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.92 and a beta of 0.86. The company has a fifty day moving average of $349.72 and a two-hundred day moving average of $357.32.

AON (NYSE:AON) last released its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned $2.72 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts predict that AON will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

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.