Aon plc (NYSE:AON) Receives $362.06 Consensus Target Price from Brokerages

Aon plc (NYSE:AON - Get Free Report) has received a consensus rating of "Hold" from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $362.06.

Several research firms have commented on AON. Bank of America boosted their target price on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on AON from $311.00 to $353.00 and gave the company a "hold" rating in a research note on Monday, August 26th. BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research report on Monday, November 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $335.00 target price on shares of AON in a report on Monday, August 5th. Finally, Evercore ISI raised their target price on shares of AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th.

AON Stock Down 0.5 %

Shares of NYSE:AON traded down $1.77 during midday trading on Friday, reaching $391.54. 463,005 shares of the company were exchanged, compared to its average volume of 1,022,800. The firm has a market cap of $84.68 billion, a PE ratio of 33.04, a P/E/G ratio of 2.45 and a beta of 0.91. The stock has a fifty day simple moving average of $366.76 and a two-hundred day simple moving average of $331.55. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, November 1st. AON's payout ratio is 22.78%.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On AON

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in AON during the third quarter worth about $1,959,000. World Investment Advisors LLC bought a new position in shares of AON in the third quarter valued at approximately $275,000. Sanctuary Advisors LLC raised its holdings in shares of AON by 14.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,507 shares of the financial services provider's stock valued at $6,749,000 after acquiring an additional 2,432 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in AON by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider's stock valued at $3,492,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

About AON

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.