AON (NYSE:AON) Price Target Raised to $394.00

AON (NYSE:AON) had its price objective increased by JPMorgan Chase & Co. from $379.00 to $394.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Several other equities analysts also recently weighed in on the company. Evercore ISI raised their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Finally, TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $363.00.

AON Stock Performance

AON stock opened at $353.98 on Friday. AON has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $76.55 billion, a P/E ratio of 29.87, a PEG ratio of 2.27 and a beta of 0.93. The stock’s 50 day moving average is $372.03 and its 200 day moving average is $344.70.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.76%. AON’s payout ratio is 22.78%.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On AON

A number of hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in AON in the 2nd quarter worth $31,000. Anchor Investment Management LLC boosted its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services purchased a new stake in shares of AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON in the 3rd quarter worth approximately $42,000. Finally, Eastern Bank bought a new position in AON in the 3rd quarter worth approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.