Keefe, Bruyette & Woods Lowers AON (NYSE:AON) Price Target to $411.00

AON (NYSE:AON - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $415.00 to $411.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the financial services provider's stock.

A number of other equities research analysts also recently commented on AON. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $407.00 to $420.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $368.67.

AON Price Performance

NYSE:AON traded down $3.17 during mid-day trading on Friday, hitting $349.28. 971,283 shares of the company's stock traded hands, compared to its average volume of 957,447. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a market cap of $75.54 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The firm's 50 day simple moving average is $370.20 and its 200 day simple moving average is $346.20. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.77%. AON's dividend payout ratio (DPR) is presently 22.78%.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company's stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of AON

Several hedge funds and other institutional investors have recently bought and sold shares of AON. Farallon Capital Management LLC lifted its position in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock worth $550,521,000 after purchasing an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in AON in the third quarter worth approximately $336,375,000. Veritas Asset Management LLP lifted its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AON by 334.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock valued at $363,475,000 after purchasing an additional 808,990 shares during the last quarter. Finally, Stone Point Capital LLC bought a new position in shares of AON during the 2nd quarter worth about $151,808,000. 86.14% of the stock is owned by institutional investors.

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.