Aon plc (NYSE:AON) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Aon plc has received a consensus rating of "Moderate Buy" from analysts, with five holding the stock, eleven recommending buy, and one giving a strong buy rating.
• The company's average twelve-month target price is $420.00, reflecting analysts’ optimism regarding its stock performance.
• Aon recently announced a quarterly dividend of $0.745 per share, with an annualized yield of 0.9%, indicating a stable financial position.

Shares of Aon plc (NYSE:AON - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seventeen analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $420.00.

A number of research analysts recently issued reports on AON shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of AON in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and lifted their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. TD Cowen reduced their price objective on shares of AON from $427.00 to $419.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Finally, Piper Sandler boosted their price objective on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th.

AON Stock Down 0.2%

Shares of AON stock opened at $343.36 on Wednesday. AON has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a 50 day moving average of $362.37 and a 200 day moving average of $360.63. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $74.04 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.02 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The firm's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts forecast that AON will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON's payout ratio is currently 24.96%.

Institutional Trading of AON

Several institutional investors have recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC raised its position in AON by 0.9% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider's stock valued at $1,108,000 after purchasing an additional 28 shares during the last quarter. Matrix Trust Co increased its stake in AON by 7.1% in the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider's stock valued at $150,000 after buying an additional 28 shares during the period. HHM Wealth Advisors LLC increased its stake in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares during the period. Catalyst Financial Partners LLC increased its stake in AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after buying an additional 30 shares during the period. Finally, Sunflower Bank N.A. increased its stake in AON by 1.8% in the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider's stock valued at $598,000 after buying an additional 30 shares during the period. 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.

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