BMO Capital Markets Issues Positive Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON - Free Report) had its target price hoisted by BMO Capital Markets from $325.00 to $380.00 in a research note released on Monday, Benzinga reports. The firm currently has a market perform rating on the financial services provider's stock.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their price target on AON from $353.00 to $379.00 and gave the company an "overweight" rating in a report on Thursday, July 11th. Morgan Stanley cut their price target on shares of AON from $300.00 to $296.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 10th. TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their price objective on AON from $385.00 to $415.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $359.19.

AON Stock Up 0.3 %

Shares of NYSE AON traded up $1.22 during trading on Monday, reaching $365.64. 1,137,635 shares of the stock were exchanged, compared to its average volume of 1,177,556. The business's 50-day moving average price is $352.15 and its 200 day moving average price is $318.84. The company has a market capitalization of $79.08 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91. AON has a twelve month low of $268.06 and a twelve month high of $389.21. The company has a quick ratio of 2.42, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 1st. AON's dividend payout ratio is currently 22.78%.

Institutional Trading of AON

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd acquired a new stake in AON in the 2nd quarter valued at about $31,000. Vanguard Group Inc. boosted its holdings in AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider's stock worth $5,894,053,000 after buying an additional 64,500 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock valued at $33,326,000 after buying an additional 57,847 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of AON during the 1st quarter valued at $906,000. Finally, Cetera Investment Advisers grew its holdings in shares of AON by 255.5% in the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider's stock worth $6,490,000 after acquiring an additional 13,977 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

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.