Aon PLC (NYSE:AON) has been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $174.29.
Several research analysts have commented on the stock. MKM Partners upgraded shares of AON from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $200.00 in a report on Monday, February 4th. William Blair restated a “market perform” rating on shares of AON in a report on Friday, February 1st. Morgan Stanley raised their price target on shares of AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 14th. Barclays raised their price target on shares of AON from $138.00 to $153.00 and gave the stock an “equal weight” rating in a report on Monday, November 12th. Finally, Wells Fargo & Co set a $165.00 price target on shares of AON and gave the stock a “hold” rating in a report on Monday, November 12th.
Shares of AON traded up $0.48 during midday trading on Wednesday, hitting $168.65. The stock had a trading volume of 6,626 shares, compared to its average volume of 1,123,721. AON has a fifty-two week low of $134.79 and a fifty-two week high of $168.98. The stock has a market cap of $40.50 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.55 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.41.
AON (NYSE:AON) last announced its earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.13 by $0.03. AON had a net margin of 10.53% and a return on equity of 43.49%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company posted $2.35 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts anticipate that AON will post 9.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, January 31st. AON’s payout ratio is presently 19.61%.
Several large investors have recently added to or reduced their stakes in the company. Advisors Capital Management LLC raised its position in shares of AON by 3.9% in the fourth quarter. Advisors Capital Management LLC now owns 2,036 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 77 shares during the period. Glenview State Bank Trust DEPT. grew its stake in shares of AON by 1.8% in the fourth quarter. Glenview State Bank Trust DEPT. now owns 4,425 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 80 shares during the last quarter. Synovus Financial Corp grew its stake in shares of AON by 10.3% in the fourth quarter. Synovus Financial Corp now owns 940 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 88 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of AON by 2.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 4,236 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 89 shares during the last quarter. Finally, Gofen & Glossberg LLC IL grew its stake in shares of AON by 1.3% in the fourth quarter. Gofen & Glossberg LLC IL now owns 8,017 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 100 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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