AON (NYSE:AON) Price Target Raised to $315.00

AON (NYSE:AON) had its target price boosted by Wells Fargo & Company from $300.00 to $315.00 in a report released on Thursday, Benzinga reports. The firm currently has an underweight rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on AON. Morgan Stanley decreased their target price on shares of AON from $300.00 to $296.00 and set an equal weight rating for the company in a research note on Wednesday, July 10th. Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the company a hold rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the stock a hold rating in a research note on Monday, August 26th. JPMorgan Chase & Co. upped their price target on AON from $353.00 to $379.00 and gave the company an overweight rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $335.00 price target on shares of AON in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $347.06.

AON Price Performance

NYSE AON traded up $1.56 during trading hours on Thursday, reaching $355.24. The company’s stock had a trading volume of 106,521 shares, compared to its average volume of 1,185,630. The company’s 50-day moving average is $342.23 and its two-hundred day moving average is $314.21. The stock has a market cap of $77.17 billion, a PE ratio of 28.26, a PEG ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. AON has a fifty-two week low of $268.06 and a fifty-two week high of $360.95.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.76 EPS. Analysts forecast that AON will post 15.22 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Radnor Capital Management LLC boosted its stake in AON by 203.6% in the first quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of AON in the 2nd quarter valued at about $31,000. Norden Group LLC acquired a new position in AON during the first quarter worth $2,044,000. Daiwa Securities Group Inc. raised its stake in AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of AON during the 4th quarter worth about $1,177,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.