AON (NYSE:AON) Price Target Increased to $353.00 by Analysts at JPMorgan Chase & Co.

AON (NYSE:AON - Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $318.00 to $353.00 in a research report report published on Monday, Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Several other analysts also recently issued reports on AON. The Goldman Sachs Group reduced their price target on AON from $350.00 to $310.00 and set a neutral rating for the company in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods downgraded AON from a market perform rating to an underperform rating and set a $328.00 price target for the company. in a research note on Friday, December 15th. UBS Group cut their target price on AON from $333.00 to $308.00 and set a neutral rating for the company in a research report on Monday, February 5th. Piper Sandler upped their target price on AON from $306.00 to $326.00 and gave the company a neutral rating in a research report on Monday, February 12th. Finally, Wells Fargo & Company cut their target price on AON from $304.00 to $295.00 and set an underweight rating for the company in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, AON has a consensus rating of Hold and a consensus price target of $338.64.

AON Stock Up 0.3 %

Shares of AON stock traded up $0.94 during trading on Monday, reaching $319.93. 771,480 shares of the company's stock were exchanged, compared to its average volume of 1,014,653. The stock has a market capitalization of $63.44 billion, a PE ratio of 25.63, a PEG ratio of 2.21 and a beta of 0.86. AON has a twelve month low of $284.85 and a twelve month high of $347.37. The firm's fifty day moving average price is $315.76 and its 200-day moving average price is $316.03.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts' consensus estimates of $4.07 by ($0.18). The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.89 earnings per share. As a group, analysts anticipate that AON will post 15.78 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a $0.615 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $2.46 annualized dividend and a yield of 0.77%. AON's dividend payout ratio is presently 19.71%.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares of the company's stock, valued at $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Lester B. Knight purchased 50,000 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was bought at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares of the company's stock, valued at approximately $3,175,613.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AON

Several large investors have recently added to or reduced their stakes in AON. BKM Wealth Management LLC acquired a new stake in AON in the fourth quarter valued at approximately $25,000. Milestone Investment Advisors LLC acquired a new stake in AON in the third quarter valued at approximately $30,000. Frazier Financial Advisors LLC acquired a new stake in AON in the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in AON in the first quarter valued at approximately $31,000. Finally, Headlands Technologies LLC acquired a new stake in AON in the third quarter valued at approximately $39,000. 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.