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

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

Several other brokerages have also issued reports on AON. Keefe, Bruyette & Woods boosted their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

Shares of NYSE:AON opened at $398.67 on Tuesday. The company has a market cap of $86.11 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92. The business has a 50 day moving average price of $388.16 and a 200 day moving average price of $371.75. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a twelve month low of $268.06 and a twelve month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 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 company earned $3.89 earnings per share. Research analysts predict that AON will post 17.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Chancellor Financial Group WB LP acquired a new position in shares of AON during the fourth quarter valued at $231,000. Wealth Enhancement Advisory Services LLC raised its holdings in AON by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,082 shares of the financial services provider’s stock worth $10,086,000 after purchasing an additional 194 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of AON in the 4th quarter worth $23,642,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth $638,000. Finally, Heck Capital Advisors LLC acquired a new position in AON in the fourth quarter valued at about $1,039,000. 86.14% of the stock is currently owned by institutional investors.

AON Company Profile

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.