AON (NYSE:AON) Given New $409.00 Price Target at JPMorgan Chase & Co.

AON (NYSE:AON - Free Report) had its target price lifted by JPMorgan Chase & Co. from $394.00 to $409.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the financial services provider's stock.

AON has been the subject of a number of other research reports. Redburn Atlantic raised AON to a "hold" rating in a report on Tuesday, March 25th. Keefe, Bruyette & Woods lifted their price target on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, AON currently has an average rating of "Hold" and an average price target of $393.87.

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AON Stock Performance

Shares of AON stock traded up $6.24 during trading hours on Tuesday, hitting $375.26. The company's stock had a trading volume of 1,759,625 shares, compared to its average volume of 1,219,721. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a 50 day moving average of $390.58 and a 200 day moving average of $374.56. AON has a 12-month low of $268.06 and a 12-month high of $412.97. The stock has a market cap of $81.06 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company posted $3.89 earnings per share. On average, sell-side analysts forecast that AON will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.79%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 21.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in AON during the 4th quarter valued at about $596,665,000. Artisan Partners Limited Partnership boosted its stake in shares of AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after purchasing an additional 960,204 shares during the period. GAMMA Investing LLC increased its stake in AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after buying an additional 760,516 shares during the period. Geode Capital Management LLC boosted its position in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares during the period. Finally, First Trust Advisors LP increased its position in shares of AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after acquiring an additional 527,204 shares during the period. 86.14% of the stock is currently owned by hedge funds and other 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.