Analysts Set Aon plc (NYSE:AON) Price Target at $412.69

Key Points

• Aon plc (NYSE:AON) has received a consensus recommendation of "Moderate Buy" from 15 research firms, with a 12-month price target averaging $412.69.
• Institutional investors hold 86.14% of Aon's shares, with significant increases in holdings from firms such as Vanguard Group Inc. and Bank of New York Mellon Corp.
• Aon recently declared a quarterly dividend of $0.745 per share, reflecting an annualized yield of 0.8% and a payout ratio of 24.96%.

Shares of Aon plc (NYSE:AON - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $412.6875.

Several equities analysts have recently weighed in on AON shares. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Piper Sandler boosted their price objective on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective on the stock. Barclays reaffirmed an "overweight" rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Finally, Evercore ISI lifted their target price on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a report on Monday, July 28th.

AON Stock Performance

Shares of NYSE AON traded down $3.43 during midday trading on Tuesday, reaching $370.06. 788,992 shares of the company traded hands, compared to its average volume of 1,158,093. The stock has a 50-day moving average price of $362.56 and a 200 day moving average price of $369.24. The company has a market cap of $79.80 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.20 and a beta of 0.87. AON has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $2.93 earnings per share. Sell-side analysts anticipate that AON will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON's payout ratio is 24.96%.

Institutional Trading of AON

Several hedge funds and other institutional investors have recently bought and sold shares of AON. Financial Gravity Asset Management Inc. bought a new position in AON during the first quarter valued at about $28,000. Saudi Central Bank acquired a new position in shares of AON in the 1st quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new position in shares of AON during the 2nd quarter worth about $31,000. Pinnacle Bancorp Inc. increased its stake in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 33 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in AON in the second quarter worth about $32,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.