AON (NYSE:AON) Upgraded by Mizuho to Hold Rating

Mizuho upgraded shares of AON (NYSE:AON) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

AON has been the topic of a number of other research reports. Barclays restated an “equal weight” rating and issued a $379.00 price target (down previously from $420.00) on shares of AON in a research report on Thursday, November 20th. Evercore ISI lifted their price objective on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Wolfe Research assumed coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. TD Cowen reduced their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $413.18.

AON Price Performance

AON stock opened at $352.27 on Monday. The company has a market capitalization of $75.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.02 and a beta of 0.84. The stock’s 50 day moving average is $346.68 and its 200-day moving average is $355.99. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. AON has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the firm earned $2.72 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that AON will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio is 23.88%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in AON by 4.7% during the 1st quarter. American Century Companies Inc. now owns 31,463 shares of the financial services provider’s stock worth $12,557,000 after purchasing an additional 1,413 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in shares of AON by 4.9% in the 1st quarter. Legacy Financial Advisors Inc. now owns 966 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 45 shares during the period. Capital Analysts LLC boosted its position in shares of AON by 28.2% during the 1st quarter. Capital Analysts LLC now owns 614 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 135 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of AON in the 1st quarter valued at $4,032,000. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of AON during the 1st quarter worth about $113,506,000. 86.14% of the stock is owned by institutional investors and hedge funds.

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.