JPMorgan Chase & Co. Increases AON (NYSE:AON) Price Target to $394.00

AON (NYSE:AON) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $379.00 to $394.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.31% from the company’s previous close.

A number of other research analysts have also recently issued reports on AON. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Jefferies Financial Group increased their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays boosted their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target of $363.00.

AON Stock Performance

Shares of AON stock opened at $353.98 on Friday. The stock has a 50 day simple moving average of $372.03 and a 200-day simple moving average of $344.37. The company has a market cap of $76.55 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. AON has a 12-month low of $268.06 and a 12-month high of $395.33.

Insider Transactions at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On AON

A number of institutional investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of AON in the 2nd quarter worth $31,000. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the period. First Personal Financial Services bought a new stake in AON in the third quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON in the 3rd quarter valued at about $42,000. Finally, Eastern Bank bought a new position in shares of AON during the 3rd quarter valued at about $43,000. 86.14% of the stock is currently 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.