Aon plc (NYSE:AON – Get Free Report) shares fell 1.1% during trading on Friday . The stock traded as low as $335.70 and last traded at $335.96. 59,075 shares traded hands during trading, a decline of 95% from the average session volume of 1,264,159 shares. The stock had previously closed at $339.64.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Bank of America cut AON from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Citigroup assumed coverage on AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $311.00 target price on shares of AON in a research report on Tuesday, May 28th. Wells Fargo & Company boosted their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $330.21.
AON Trading Down 0.8 %
The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The business has a 50 day moving average of $310.47 and a 200-day moving average of $306.67. The stock has a market cap of $73.20 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91.
AON (NYSE:AON – Get Free Report) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the company posted $2.76 EPS. AON’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 15.25 EPS for the current year.
AON Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio (DPR) is currently 21.16%.
Institutional Trading of AON
Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in AON by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider’s stock worth $307,989,000 after purchasing an additional 5,727 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in AON by 262.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 2,989 shares in the last quarter. California State Teachers Retirement System grew its stake in AON by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock worth $96,549,000 after purchasing an additional 4,843 shares in the last quarter. Radnor Capital Management LLC grew its stake in AON by 203.6% in the first quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in AON by 6.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 110 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
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.