Other analysts also recently issued reports about the stock. Sandler O’Neill upgraded shares of AON from a hold rating to a buy rating in a report on Monday, October 29th. Citigroup boosted their target price on shares of AON from $167.00 to $180.00 and gave the stock a buy rating in a report on Friday, October 12th. Keefe, Bruyette & Woods restated a buy rating and issued a $164.00 target price on shares of AON in a report on Sunday, July 29th. Barclays boosted their target price on shares of AON from $138.00 to $153.00 and gave the stock an equal weight rating in a report on Monday. Finally, Credit Suisse Group set a $158.00 target price on shares of AON and gave the stock a hold rating in a report on Tuesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AON has an average rating of Hold and a consensus price target of $160.38.
Shares of NYSE AON opened at $163.06 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $39.23 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.70 and a beta of 0.85. AON has a 52-week low of $130.87 and a 52-week high of $165.43.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were issued a $0.40 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. AON’s dividend payout ratio (DPR) is presently 24.54%.
In other news, insider Michael Neller sold 750 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $143.58, for a total value of $107,685.00. Following the sale, the insider now directly owns 787 shares in the company, valued at approximately $112,997.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Caroline Grace sold 4,000 shares of AON stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $160.00, for a total transaction of $640,000.00. Following the transaction, the chief executive officer now directly owns 41,796 shares of the company’s stock, valued at $6,687,360. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,750 shares of company stock worth $1,967,685. Insiders own 0.42% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in shares of AON by 70.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,245 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 1,345 shares during the period. AQR Capital Management LLC boosted its stake in shares of AON by 7.6% during the 3rd quarter. AQR Capital Management LLC now owns 164,720 shares of the financial services provider’s stock worth $25,331,000 after purchasing an additional 11,664 shares during the period. Macquarie Group Ltd. boosted its stake in shares of AON by 0.6% during the 3rd quarter. Macquarie Group Ltd. now owns 101,038 shares of the financial services provider’s stock worth $15,537,000 after purchasing an additional 635 shares during the period. Mackenzie Financial Corp boosted its stake in shares of AON by 8.1% during the 3rd quarter. Mackenzie Financial Corp now owns 1,429,985 shares of the financial services provider’s stock worth $219,903,000 after purchasing an additional 106,851 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of AON by 3.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,711 shares of the financial services provider’s stock worth $1,955,000 after purchasing an additional 384 shares during the period. 84.28% of the stock is owned by hedge funds and other institutional investors.
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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