AON (NYSE:AON – Get Free Report) had its price target dropped by JPMorgan Chase & Co. from $412.00 to $362.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 31.26% from the company’s current price.
Several other analysts also recently commented on AON. Citigroup assumed coverage on shares of AON in a research report on Monday, September 21st. They set a “buy” rating and a $435.00 price objective on the stock. TD Cowen upped their target price on shares of AON from $416.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. UBS Group reissued a “neutral” rating on shares of AON in a research report on Monday, August 31st. Mizuho decreased their price objective on shares of AON from $398.00 to $366.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Finally, Wall Street Zen lowered AON from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $394.53.
Get Our Latest Stock Report on AON
AON Trading Down 0.4%
AON (NYSE:AON – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.49 earnings per share. Equities analysts anticipate that AON will post 18.88 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Lester B. Knight purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought 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 owned 163,000 shares in the company, valued at approximately $53,379,240. This represents a 13.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Darren Zeidel sold 1,900 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel owned 11,504 shares of the company’s stock, valued at $4,345,751.04. This represents a 14.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,450 shares of company stock valued at $1,659,242 in the last quarter. 1.00% of the stock is currently owned by company insiders.
Institutional Trading of AON
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its stake in shares of AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock valued at $4,323,850,000 after acquiring an additional 176,207 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of AON by 0.9% during the 4th quarter. Independent Franchise Partners LLP now owns 2,115,523 shares of the financial services provider’s stock worth $746,526,000 after purchasing an additional 19,037 shares during the period. Bank of America Corp DE grew its holdings in AON by 16.3% during the 1st quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock valued at $510,857,000 after purchasing an additional 222,092 shares during the last quarter. Amundi raised its position in AON by 23.5% in the 1st quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after purchasing an additional 285,549 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in AON by 7.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,409,274 shares of the financial services provider’s stock worth $497,305,000 after purchasing an additional 97,580 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
AON Company Profile
Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.
The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.
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