AON (NYSE:AON) had its target price upped by Wells Fargo & Co from $182.00 to $195.00 in a research report released on Thursday morning, The Fly reports. Wells Fargo & Co currently has a market perform rating on the financial services provider’s stock.
A number of other research analysts have also weighed in on AON. ValuEngine raised shares of ZEALAND PHARMA/S from a sell rating to a hold rating in a research note on Friday, March 15th. MKM Partners raised shares of AON to a buy rating and raised their price target for the company from $210.00 to $225.00 in a research report on Monday, June 24th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the company a hold rating in a research report on Wednesday, May 22nd. Morgan Stanley reissued an overweight rating and set a C$125.00 price target on shares of Intact Financial in a research report on Wednesday, May 15th. Finally, Atlantic Securities lowered shares of AON from an overweight rating to a neutral rating and set a $190.00 price target on the stock. in a research report on Friday, June 14th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AON currently has a consensus rating of Hold and a consensus target price of $181.36.
AON stock opened at $197.47 on Thursday. AON has a 1-year low of $135.30 and a 1-year high of $198.61. The company has a market capitalization of $47.30 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.88. The firm has a fifty day simple moving average of $189.73. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.09 and a quick ratio of 2.09.
AON (NYSE:AON) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that AON will post 9.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a yield of 0.89%. AON’s dividend payout ratio (DPR) is presently 21.57%.
In related news, General Counsel Peter M. Lieb sold 11,645 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $180.69, for a total transaction of $2,104,135.05. Following the completion of the sale, the general counsel now owns 4,408 shares in the company, valued at $796,481.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Andersen sold 7,500 shares of the firm’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 sale, the insider now owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. Insiders have sold 24,345 shares of company stock valued at $4,370,513 in the last 90 days. 0.92% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Aurora Investment Counsel increased its stake in shares of AON by 0.5% in the first quarter. Aurora Investment Counsel now owns 11,577 shares of the financial services provider’s stock worth $1,976,000 after purchasing an additional 58 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of AON by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,735 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 65 shares in the last quarter. Berman Capital Advisors LLC increased its stake in shares of AON by 39.0% in the first quarter. Berman Capital Advisors LLC now owns 246 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 69 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of AON by 4.7% in the first quarter. Cornerstone Advisors Inc. now owns 1,578 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 71 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. increased its stake in shares of AON by 2.7% in the first quarter. Westbourne Investment Advisors Inc. now owns 2,880 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.
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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