Aon plc (NYSE:AON) Receives Average Rating of "Hold" from Brokerages

Shares of Aon plc (NYSE:AON - Get Free Report) have been assigned a consensus rating of "Hold" from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $359.19.

A number of research firms have recently commented on AON. Royal Bank of Canada restated a "sector perform" rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Barclays started coverage on shares of AON in a research report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of AON from $353.00 to $379.00 and gave the stock an "overweight" rating in a research note on Thursday, July 11th. Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday.

AON Stock Up 3.4 %

NYSE AON traded up $12.48 during trading on Wednesday, hitting $381.18. The company's stock had a trading volume of 1,677,240 shares, compared to its average volume of 1,177,235. AON has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The company has a market cap of $82.44 billion, a PE ratio of 31.11, a P/E/G ratio of 2.29 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business's 50 day simple moving average is $353.27 and its 200-day simple moving average is $319.66.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON's dividend payout ratio (DPR) is presently 22.78%.

Hedge Funds Weigh In On AON

A number of hedge funds have recently added to or reduced their stakes in AON. Y.D. More Investments Ltd bought a new stake in AON in the 2nd quarter valued at $31,000. First Personal Financial Services bought a new position in AON during the third quarter valued at about $37,000. Eastern Bank acquired a new position in AON in the 3rd quarter valued at approximately $43,000. Nemes Rush Group LLC bought a new stake in shares of AON in the 2nd quarter worth approximately $45,000. Finally, LRI Investments LLC acquired a new stake in shares of AON during the 1st quarter worth approximately $55,000. 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.