AON (NYSE:AON) Stock Price Expected to Rise, Barclays Analyst Says

AON (NYSE:AON) had its price target lifted by Barclays from $394.00 to $440.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other analysts have also weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Bank of America lifted their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $362.06.

AON Stock Up 0.5 %

Shares of AON stock traded up $2.07 during trading on Thursday, reaching $384.69. The company had a trading volume of 110,330 shares, compared to its average volume of 1,168,512. 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 $389.21. The firm’s fifty day moving average is $361.69 and its 200-day moving average is $326.65. The company has a market cap of $83.20 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s dividend payout ratio is 22.78%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Farallon Capital Management LLC raised its holdings in AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after purchasing an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in AON in the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP grew its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after purchasing an additional 548,563 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

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.