AON (NYSE:AON) Price Target Cut to $411.00 by Analysts at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price objective cut 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.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $368.67.

AON Stock Performance

NYSE:AON opened at $349.28 on Friday. 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 has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The firm has a market capitalization of $75.54 billion, a PE ratio of 29.48, a PEG ratio of 2.27 and a beta of 0.93. The stock’s fifty day moving average is $370.20 and its 200 day moving average is $346.20.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.77%. AON’s payout ratio is 22.78%.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Institutional Trading of AON

Hedge funds have recently bought and sold shares of the company. Graypoint LLC increased its position in shares of AON by 7.1% during the 4th quarter. Graypoint LLC now owns 1,499 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 99 shares during the period. Hilltop National Bank lifted its holdings in shares of AON by 29.8% in the fourth quarter. Hilltop National Bank now owns 558 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 128 shares in the last quarter. Fulton Bank N.A. grew its stake in AON by 14.0% during the 4th quarter. Fulton Bank N.A. now owns 1,572 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 193 shares in the last quarter. Diversified Trust Co grew its holdings in shares of AON by 20.0% during the 4th quarter. Diversified Trust Co now owns 17,991 shares of the financial services provider’s stock valued at $6,462,000 after acquiring an additional 3,000 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in AON by 4.5% in the fourth quarter. CWA Asset Management Group LLC now owns 1,934 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 84 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

About AON

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.