MKM Partners upgraded shares of AON (NYSE:AON) from a neutral rating to a buy rating in a research note published on Monday, February 4th, MarketBeat Ratings reports. MKM Partners currently has $200.00 price objective on the financial services provider’s stock, up from their prior price objective of $155.00.
Several other analysts have also recently commented on AON. Zacks Investment Research cut shares of AON from a buy rating to a hold rating in a research note on Thursday, January 3rd. Wells Fargo & Co lifted their target price on shares of AON from $165.00 to $150.00 and gave the stock a market perform rating in a research note on Tuesday, November 13th. ValuEngine lowered shares of AON from a buy rating to a hold rating in a report on Wednesday, December 26th. Morgan Stanley lifted their price target on shares of AON from $152.00 to $167.00 and gave the company an equal weight rating in a report on Wednesday, November 14th. Finally, Compass Point assumed coverage on shares of AON in a report on Tuesday, January 15th. They issued a buy rating and a $195.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $169.10.
Shares of AON traded up $0.12 during mid-day trading on Monday, reaching $171.65. 899,809 shares of the company’s stock were exchanged, compared to its average volume of 1,214,981. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.41. AON has a 52-week low of $134.82 and a 52-week high of $173.53. The stock has a market cap of $41.20 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93.
AON (NYSE:AON) last issued its quarterly earnings data on Friday, February 1st. The financial services provider reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. AON had a net margin of 10.53% and a return on equity of 43.49%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company posted $2.35 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts expect that AON will post 9.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, January 31st. AON’s payout ratio is currently 19.61%.
In related news, General Counsel Peter M. Lieb sold 15,068 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total transaction of $2,603,298.36. Following the completion of the sale, the general counsel now owns 17,985 shares of the company’s stock, valued at approximately $3,107,268.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Neller sold 1,250 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total transaction of $214,575.00. Following the sale, the insider now directly owns 5,188 shares of the company’s stock, valued at approximately $890,572.08. The disclosure for this sale can be found here. Insiders sold a total of 79,470 shares of company stock valued at $13,468,000 in the last three months. Insiders own 0.42% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. CHICAGO TRUST Co NA bought a new position in AON in the 3rd quarter worth about $208,000. We Are One Seven LLC grew its position in AON by 2.7% in the 4th quarter. We Are One Seven LLC now owns 5,534 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 143 shares during the last quarter. YCG LLC grew its position in AON by 3.3% in the 4th quarter. YCG LLC now owns 201,617 shares of the financial services provider’s stock worth $29,307,000 after purchasing an additional 6,368 shares during the last quarter. Baird Financial Group Inc. bought a new position in AON in the 3rd quarter worth about $333,000. Finally, Rehmann Capital Advisory Group grew its position in AON by 15,302.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 98,265 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 97,627 shares during the last quarter. 86.24% of the stock is owned by institutional investors and hedge funds.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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