JPMorgan Chase & Co. Boosts AON (NYSE:AON) Price Target to $394.00

AON (NYSE:AON) had its price objective increased by JPMorgan Chase & Co. from $379.00 to $394.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the company. BMO Capital Markets raised their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. 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 research note on Thursday, October 10th. Finally, Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $363.00.

AON Trading Down 0.3 %

Shares of AON opened at $353.98 on Friday. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The stock has a fifty day moving average of $372.46 and a two-hundred day moving average of $344.00. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $76.55 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a yield of 0.76%. AON’s dividend payout ratio is presently 22.78%.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On AON

Institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in AON in the second quarter worth $31,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the period. First Personal Financial Services acquired a new stake in AON during the third quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new position in AON in the third quarter worth about $42,000. Finally, Eastern Bank acquired a new position in AON in the third quarter valued at approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

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.