AON (NYSE:AON) Price Target Increased to $315.00 by Analysts at Wells Fargo & Company

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

AON has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of AON from $311.00 to $353.00 and gave the company a hold rating in a report on Monday, August 26th. Morgan Stanley reduced their price target on AON from $300.00 to $296.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Evercore ISI raised their target price on shares of AON from $338.00 to $384.00 and gave the stock an in-line rating in a report on Wednesday. Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They set an overweight rating and a $394.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $347.06.

AON Price Performance

Shares of AON stock traded up $1.56 during trading on Thursday, hitting $355.24. The stock had a trading volume of 106,521 shares, compared to its average volume of 1,185,630. The firm has a market cap of $77.17 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.32 and a beta of 0.92. AON has a 12 month low of $268.06 and a 12 month high of $360.95. The business’s 50-day moving average is $342.23 and its 200 day moving average is $314.21. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The firm had revenue of $3.76 billion for 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 company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.76 EPS. As a group, sell-side analysts anticipate that AON will post 15.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AON. Y.D. More Investments Ltd acquired a new position in shares of AON during the 2nd quarter worth about $31,000. Rise Advisors LLC purchased a new stake in AON during the first quarter worth about $37,000. Nemes Rush Group LLC purchased a new position in AON in the second quarter valued at $45,000. Bruce G. Allen Investments LLC lifted its stake in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of AON during the 1st quarter worth about $55,000. 86.14% of the stock is owned by institutional investors and hedge funds.

About AON

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.