AON (NYSE:AON) had its price target hoisted by Wells Fargo & Co from $182.00 to $195.00 in a report published on Thursday, The Fly reports. The firm currently has a market perform rating on the financial services provider’s stock.
AON has been the topic of a number of other reports. ValuEngine raised shares of ZEALAND PHARMA/S from a sell rating to a hold rating in a research report on Friday, March 15th. Atlantic Securities downgraded shares of AON from an overweight rating to a neutral rating and set a $190.00 price objective on the stock. in a research report on Friday, June 14th. Barclays set a $34.00 price objective on shares of DCP Midstream and gave the company a hold rating in a research report on Wednesday, May 22nd. MKM Partners raised shares of AON to a buy rating and boosted their price objective for the company from $210.00 to $225.00 in a research report on Monday, June 24th. Finally, Morgan Stanley reissued an overweight rating and set a C$125.00 price objective on shares of Intact Financial in a research report on Wednesday, May 15th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $181.36.
NYSE:AON opened at $197.47 on Thursday. The firm’s fifty day moving average price is $189.73. AON has a 52 week low of $135.30 and a 52 week high of $198.61. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.23. The company has a market cap of $47.30 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.81 and a beta of 0.88.
AON (NYSE:AON) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the business posted $2.97 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Research analysts predict that AON will post 9.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Wednesday, July 31st. AON’s dividend payout ratio is presently 21.57%.
In other news, General Counsel Peter M. Lieb sold 11,645 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $180.69, for a total value of $2,104,135.05. Following the sale, the general counsel now directly owns 4,408 shares of the company’s stock, valued at approximately $796,481.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Andersen sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the completion of the sale, the insider now directly owns 80,941 shares in the company, valued at $14,447,968.50. The disclosure for this sale can be found here. Insiders sold a total of 24,345 shares of company stock worth $4,370,513 over the last ninety days. Insiders own 0.92% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AON. AMF Pensionsforsakring AB boosted its stake in AON by 3.0% in the 2nd quarter. AMF Pensionsforsakring AB now owns 203,618 shares of the financial services provider’s stock worth $39,294,000 after purchasing an additional 6,003 shares in the last quarter. Kwmg LLC lifted its stake in AON by 2.2% during the 2nd quarter. Kwmg LLC now owns 16,724 shares of the financial services provider’s stock valued at $3,227,000 after acquiring an additional 358 shares during the period. Chesley Taft & Associates LLC lifted its stake in AON by 523.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,667 shares of the financial services provider’s stock valued at $1,866,000 after acquiring an additional 8,117 shares during the period. DAVENPORT & Co LLC lifted its stake in AON by 5.5% during the 2nd quarter. DAVENPORT & Co LLC now owns 1,447 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 75 shares during the period. Finally, Pennsylvania Trust Co lifted its stake in AON by 18.1% during the 2nd quarter. Pennsylvania Trust Co now owns 89,787 shares of the financial services provider’s stock valued at $17,327,000 after acquiring an additional 13,743 shares during the period. 84.71% of the stock is currently owned by hedge funds and other institutional investors.
AON Company Profile
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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