AON (NYSE:AON – Get Free Report) had its target price boosted by Cantor Fitzgerald from $400.00 to $410.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 27.43% from the company’s current price.
A number of other equities analysts also recently commented on the stock. UBS Group reiterated a “neutral” rating on shares of AON in a report on Monday, August 31st. Barclays decreased their price objective on AON from $382.00 to $317.00 and set an “equal weight” rating for the company in a report on Wednesday, October 7th. BMO Capital Markets decreased their price target on AON from $360.00 to $286.00 and set a “market perform” rating for the company in a research note on Thursday, October 1st. Jefferies Financial Group dropped their price target on AON from $387.00 to $383.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Morgan Stanley decreased their price target on shares of AON from $410.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $368.18.
Check Out Our Latest Analysis on AON
AON Stock Up 0.0%
Shares of AON stock opened at $321.75 on Monday. The company has a debt-to-equity ratio of 2.58, a current ratio of 4.72 and a quick ratio of 4.72. The stock has a market cap of $68.26 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.69 and a beta of 0.63. The firm’s 50-day moving average is $302.17 and its two-hundred day moving average is $326.08. AON has a 1 year low of $266.33 and a 1 year high of $382.34.
AON (NYSE:AON – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.06. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. AON had a net margin of 22.24% and a return on equity of 40.46%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.05 EPS. As a group, research analysts expect that AON will post 18.55 earnings per share for the current fiscal year.
Insider Buying and Selling at AON
In other AON news, Director Lester Knight bought 20,000 shares of AON stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the purchase, the director directly owned 163,000 shares in the company, valued at $53,379,240. This represents a 13.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On AON
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in AON by 5.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 33 shares in the last quarter. Aspen Grove Capital LLC raised its position in shares of AON by 4.8% during the 1st quarter. Aspen Grove Capital LLC now owns 737 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 34 shares during the last quarter. Novem Group lifted its stake in AON by 1.0% in the 3rd quarter. Novem Group now owns 3,460 shares of the financial services provider’s stock valued at $958,000 after buying an additional 35 shares in the last quarter. KCM Investment Advisors LLC lifted its stake in AON by 6.2% in the 1st quarter. KCM Investment Advisors LLC now owns 651 shares of the financial services provider’s stock valued at $210,000 after buying an additional 38 shares in the last quarter. Finally, RDA Financial Network boosted its holdings in AON by 2.9% in the 2nd quarter. RDA Financial Network now owns 1,451 shares of the financial services provider’s stock worth $481,000 after buying an additional 41 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 informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.
The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.
Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.
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