AON’s (AON) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of AON (NYSE:AON) in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a $335.00 price target on the financial services provider’s stock.

Several other research analysts have also issued reports on the company. Bank of America lowered AON from a neutral rating to an underperform rating and reduced their price target for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. lifted their price target on AON from $353.00 to $379.00 and gave the company an overweight rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods raised AON from an underperform rating to an outperform rating and lifted their price target for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Citigroup initiated coverage on AON in a research report on Wednesday, May 22nd. They issued a neutral rating and a $309.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $311.00 target price on shares of AON in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $330.21.

AON Stock Down 0.5 %

Shares of AON traded down $1.62 during trading hours on Monday, hitting $323.40. 1,251,367 shares of the company were exchanged, compared to its average volume of 1,303,254. The company has a market cap of $70.32 billion, a PE ratio of 25.66, a PEG ratio of 2.11 and a beta of 0.91. The firm’s 50 day moving average is $297.62 and its 200-day moving average is $303.73. AON has a 52 week low of $268.06 and a 52 week high of $344.68. The company has a debt-to-equity ratio of 2.92, a quick ratio of 4.13 and a current ratio of 2.42.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company earned $2.76 EPS. The company’s revenue was up 18.4% on a year-over-year basis. On average, equities research analysts forecast that AON will post 15.31 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.675 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.83%. AON’s dividend payout ratio is currently 21.16%.

Insider Transactions at AON

In other AON news, insider Andy Weitz 8,454 shares of AON stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On AON

Large investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in AON by 1.8% in the fourth quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 38 shares during the period. JFS Wealth Advisors LLC grew its holdings in AON by 3.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,246 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 38 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of AON by 3.9% during the first quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after buying an additional 38 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of AON by 5.5% during the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after buying an additional 38 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in AON by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Company Profile

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.