Aon plc (NYSE:AON) Given Average Rating of "Hold" by Analysts

Aon plc (NYSE:AON - Get Free Report) has earned an average rating of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $403.00.

A number of analysts recently commented on AON shares. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Barclays reduced their price target on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Finally, Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th.

AON Stock Down 1.3%

NYSE:AON traded down $4.72 during mid-day trading on Monday, reaching $355.11. The company's stock had a trading volume of 112,613 shares, compared to its average volume of 1,158,403. The firm has a market capitalization of $76.68 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The stock has a fifty day moving average of $358.27 and a 200-day moving average of $370.73. AON has a 1 year low of $295.79 and a 1 year high of $412.97.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business earned $5.66 earnings per share. Equities research analysts forecast that AON will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, August 1st. AON's payout ratio is presently 25.38%.

Institutional Investors Weigh In On AON

Several institutional investors and hedge funds have recently added to or reduced their stakes in AON. Portside Wealth Group LLC grew its holdings in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares in the last quarter. Aviva PLC boosted its position in shares of AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after acquiring an additional 40,850 shares during the last quarter. WCM Investment Management LLC boosted its position in shares of AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after acquiring an additional 6,038 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Ninety One North America Inc. boosted its position in shares of AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock valued at $2,986,000 after acquiring an additional 2,932 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.