AON (NYSE:AON) Price Target Raised to $414.00 at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price target upped by equities researchers at Keefe, Bruyette & Woods from $411.00 to $414.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.54% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada raised their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $381.00.

AON Price Performance

AON opened at $377.95 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company’s 50-day moving average price is $365.81 and its 200 day moving average price is $355.61. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The firm has a market cap of $81.74 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business posted $3.89 earnings per share. As a group, sell-side analysts expect that AON will post 17.39 earnings per share for the current year.

Insider Activity at AON

In other news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of AON

Several large investors have recently made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. grew its holdings in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC raised its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services bought a new position in shares of AON in the 3rd quarter worth $37,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON during the fourth quarter worth $39,000. Institutional investors own 86.14% of the company’s stock.

About AON

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.