UBS Group Lowers AON (NYSE:AON) Price Target to $390.00

AON (NYSE:AON) had its target price lowered by investment analysts at UBS Group from $400.00 to $390.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 12.88% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Citigroup raised AON from a “neutral” rating to a “buy” rating and set a $402.00 price target for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Piper Sandler upped their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Weiss Ratings lowered shares of AON from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Barclays reissued an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $419.13.

AON Stock Performance

Shares of AON traded down $0.81 during midday trading on Monday, hitting $345.51. 613,281 shares of the stock traded hands, compared to its average volume of 1,298,288. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. AON has a 1-year low of $323.73 and a 1-year high of $412.97. The business’s 50 day moving average price is $354.08 and its two-hundred day moving average price is $357.66. The firm has a market capitalization of $74.26 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.72 EPS. Equities research analysts predict that AON will post 17.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AON. Westside Investment Management Inc. boosted its holdings in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of AON in the first quarter worth about $31,000. Heartwood Wealth Advisors LLC bought a new stake in shares of AON during the 3rd quarter worth about $29,000. HHM Wealth Advisors LLC increased its holdings in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in shares of AON in the 3rd quarter valued at approximately $31,000. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

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.