Equities research analysts at Citigroup assumed coverage on shares of AON (NYSE:AON – Get Free Report) in a report released on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $435.00 price target on the financial services provider’s stock. Citigroup’s price objective suggests a potential upside of 52.07% from the stock’s previous close.
Several other research analysts have also recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of AON from $375.00 to $360.00 and set a “market perform” rating on the stock in a research report on Tuesday, September 1st. TD Cowen raised their price objective on shares of AON from $416.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Barclays lifted their target price on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of AON in a research note on Tuesday, September 1st. Finally, Roth Capital set a $380.00 price target on shares of AON in a report on Tuesday, September 1st. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $397.47.
Check Out Our Latest Analysis on AON
AON Price Performance
AON (NYSE:AON – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.49 earnings per share. Equities research analysts anticipate that AON will post 18.93 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, General Counsel Darren Zeidel sold 1,950 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $372.05, for a total transaction of $725,497.50. Following the completion of the transaction, the general counsel directly owned 13,404 shares in the company, valued at $4,986,958.20. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the purchase, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This represents a 13.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 4,450 shares of company stock worth $1,659,242 over the last 90 days. 1.00% of the stock is owned by insiders.
Institutional Trading of AON
Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in AON in the fourth quarter valued at approximately $1,155,981,000. Focus Partners Wealth lifted its position in shares of AON by 396.0% during the 4th quarter. Focus Partners Wealth now owns 546,204 shares of the financial services provider’s stock worth $192,756,000 after buying an additional 436,093 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of AON by 74.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock valued at $257,391,000 after buying an additional 340,866 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of AON by 136.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 547,850 shares of the financial services provider’s stock valued at $176,835,000 after buying an additional 315,817 shares during the last quarter. Finally, Amundi raised its stake in AON by 23.5% during the 1st quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after acquiring an additional 285,549 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.
AON Company Profile
Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.
Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.
Read More
- Five stocks we like better than AON
- Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
- Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.
