AON (NYSE:AON) Price Target Raised to $437.00

AON (NYSE:AON) had its price objective hoisted by stock analysts at Mizuho from $426.00 to $437.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price objective indicates a potential upside of 21.15% from the company’s current price.

AON has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research report on Friday, July 17th. Morgan Stanley increased their target price on shares of AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. UBS Group lifted their price target on shares of AON from $360.00 to $383.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald upped their price objective on shares of AON from $416.00 to $445.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $409.75.

AON Stock Up 0.0%

Shares of AON stock opened at $360.71 on Monday. The stock’s 50-day moving average is $341.22 and its 200 day moving average is $331.94. AON has a one year low of $304.59 and a one year high of $382.34. The firm has a market cap of $76.51 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.86 and a beta of 0.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54.

AON (NYSE:AON) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the company posted $3.49 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that AON will post 19.09 EPS for the current year.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 1,950 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $372.05, for a total value of $725,497.50. Following the transaction, the general counsel directly owned 13,404 shares of the company’s stock, valued at approximately $4,986,958.20. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 4,450 shares of company stock worth $1,659,242 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AON

Institutional investors and hedge funds have recently made changes to their positions in the business. Dodge & Cox boosted its holdings in AON by 126.6% during the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock worth $2,770,975,000 after acquiring an additional 4,387,773 shares during the last quarter. Norges Bank purchased a new stake in shares of AON in the fourth quarter valued at about $1,155,981,000. Viking Global Investors LP bought a new position in shares of AON during the third quarter valued at about $504,424,000. Balyasny Asset Management L.P. boosted its holdings in AON by 40,219.8% during the third quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after purchasing an additional 844,615 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in AON in the 4th quarter worth about $229,372,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.