AON (NYSE:AON) Raised to “Hold” at Redburn Atlantic

AON (NYSE:AON) was upgraded by investment analysts at Redburn Atlantic to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Piper Sandler upped their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and a consensus price target of $386.21.

AON Trading Up 0.5 %

NYSE AON opened at $398.67 on Tuesday. AON has a 12 month low of $268.06 and a 12 month high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm’s 50-day moving average is $388.16 and its two-hundred day moving average is $371.75. The stock has a market capitalization of $86.11 billion, a P/E ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 firm earned $3.89 EPS. On average, sell-side analysts anticipate that AON will post 17.21 earnings per share for the current year.

Institutional Investors Weigh In On AON

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in AON during the 4th quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership raised its stake in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares during the period. Geode Capital Management LLC increased its stake in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after buying an additional 627,742 shares during the period. Finally, First Trust Advisors LP raised its position in AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock worth $192,572,000 after buying an additional 527,204 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.