Evercore ISI Boosts AON (NYSE:AON) Price Target to $384.00

AON (NYSE:AON) had its price target hoisted by Evercore ISI from $338.00 to $384.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an in-line rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada reiterated a sector perform rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on AON from $353.00 to $379.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Piper Sandler raised their target price on AON from $312.00 to $335.00 and gave the stock a neutral rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price objective on AON from $311.00 to $353.00 and gave the stock a hold rating in a research note on Monday, August 26th. Finally, Wells Fargo & Company boosted their target price on shares of AON from $287.00 to $300.00 and gave the company an underweight rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AON currently has a consensus rating of Hold and an average target price of $347.06.

AON Trading Up 0.4 %

Shares of AON opened at $355.15 on Wednesday. The stock’s 50-day moving average price is $342.73 and its 200 day moving average price is $314.40. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. AON has a 12-month low of $268.06 and a 12-month high of $360.95. The firm has a market capitalization of $77.22 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 2.32 and a beta of 0.92.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the company posted $2.76 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts predict that AON will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. AON’s dividend payout ratio (DPR) is currently 21.16%.

Hedge Funds Weigh In On AON

Large investors have recently made changes to their positions in the company. Radnor Capital Management LLC lifted its position in AON by 203.6% during the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 4,218 shares during the period. Y.D. More Investments Ltd acquired a new position in AON in the second quarter valued at approximately $31,000. Norden Group LLC bought a new position in AON in the first quarter valued at approximately $2,044,000. Daiwa Securities Group Inc. grew its holdings in AON by 14.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock worth $7,056,000 after acquiring an additional 2,624 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of AON in the 4th quarter valued at $1,177,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Company Profile

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.