AON (NYSE:AON) had its price objective upped by Morgan Stanley from $182.00 to $197.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.
A number of other research analysts have also weighed in on AON. 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 note on Monday, June 24th. 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 note on Friday, June 14th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the company a hold rating in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the company a hold rating in a research note on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $182.73.
AON stock opened at $194.91 on Friday. The stock’s 50-day moving average price is $192.27. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09. AON has a 52-week low of $135.30 and a 52-week high of $198.61. The stock has a market cap of $46.88 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.75 and a beta of 0.89.
AON (NYSE:AON) last posted its earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the company posted $2.97 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts expect that AON will post 9.13 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, July 31st. AON’s dividend payout ratio is presently 21.57%.
In other AON news, insider Eric Andersen sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.50, for a total value of $1,338,750.00. Following the transaction, the insider now directly owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter M. Lieb sold 11,645 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $180.69, for a total transaction of $2,104,135.05. Following the completion of the transaction, the general counsel now directly owns 4,408 shares in the company, valued at $796,481.52. 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 three months. Corporate insiders own 0.92% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AON. NEXT Financial Group Inc purchased a new position in AON in the 2nd quarter worth approximately $25,000. Sontag Advisory LLC purchased a new position in AON in the 4th quarter worth approximately $31,000. Somerset Trust Co lifted its stake in AON by 171.8% in the 1st quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 134 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of AON by 54.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 210 shares of the financial services provider’s stock worth $41,000 after buying an additional 74 shares during the last quarter. Finally, Berman Capital Advisors LLC increased its holdings in shares of AON by 39.0% during the 1st quarter. Berman Capital Advisors LLC now owns 246 shares of the financial services provider’s stock worth $42,000 after buying an additional 69 shares during the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.
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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