AON (NYSE:AON) Upgraded to “Hold” at Redburn Atlantic

Redburn Atlantic upgraded shares of AON (NYSE:AON) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on AON. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Up 0.5 %

AON stock opened at $398.67 on Tuesday. The business’s 50-day moving average is $388.16 and its two-hundred day moving average is $371.75. The company has a market cap of $86.11 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. AON has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the business earned $3.89 EPS. As a group, 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 was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio is presently 21.33%.

Institutional Investors Weigh In On AON

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chancellor Financial Group WB LP bought a new position in AON during the 4th quarter valued at about $231,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of AON by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,082 shares of the financial services provider’s stock valued at $10,086,000 after buying an additional 194 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of AON during the 4th quarter worth approximately $23,642,000. Wealthedge Investment Advisors LLC purchased a new position in AON during the 4th quarter valued at $638,000. Finally, Heck Capital Advisors LLC bought a new position in AON in the 4th quarter valued at $1,039,000. 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.