Keefe, Bruyette & Woods Cuts AON (NYSE:AON) Price Target to $411.00

AON (NYSE:AON) had its price target decreased by Keefe, Bruyette & Woods from $415.00 to $411.00 in a research note released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

AON has been the subject of a number of other research reports. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Barclays raised their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $368.67.

AON Price Performance

Shares of AON stock opened at $349.28 on Friday. AON has a twelve month low of $268.06 and a twelve month high of $395.33. 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 firm’s 50-day simple moving average is $370.20 and its 200-day simple moving average is $346.20. The firm has a market cap of $75.54 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.77%. AON’s payout ratio is currently 22.78%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Y.D. More Investments Ltd bought a new position in AON during the 2nd quarter worth about $31,000. First Personal Financial Services purchased a new position in AON during the third quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON in the 3rd quarter worth $42,000. Finally, Eastern Bank purchased a new stake in shares of AON during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.