AON (NYSE:AON) Coverage Initiated at Barclays

Equities researchers at Barclays assumed coverage on shares of AON (NYSE:AON) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $394.00 price target on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 12.88% from the stock’s previous close.

AON has been the topic of several other research reports. Morgan Stanley cut their target price 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. Wells Fargo & Company boosted their price objective on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. 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 research report on Monday, August 26th. Piper Sandler boosted their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Citigroup initiated coverage on AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON has an average rating of “Hold” and an average target price of $337.27.

AON Stock Up 0.1 %

Shares of AON stock opened at $349.03 on Wednesday. AON has a 52-week low of $268.06 and a 52-week high of $349.87. The company has a 50 day moving average of $319.06 and a 200 day moving average of $308.84. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $75.82 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.22 and a beta of 0.92.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, research analysts forecast that AON will post 15.23 EPS for the current fiscal year.

Hedge Funds Weigh In On AON

A number of large investors have recently bought and sold shares of AON. Sanctuary Advisors LLC acquired a new position in shares of AON during the second quarter worth about $4,867,000. Coronation Fund Managers Ltd. purchased a new position in shares of AON during the 2nd quarter worth approximately $2,812,000. Creekside Partners acquired a new stake in shares of AON in the 2nd quarter valued at approximately $288,000. Truist Financial Corp grew its holdings in AON by 4.2% during the second quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock worth $7,627,000 after acquiring an additional 1,036 shares during the period. Finally, Regency Capital Management Inc. DE raised its position in AON by 55.2% in the second quarter. Regency Capital Management Inc. DE now owns 9,940 shares of the financial services provider’s stock worth $2,918,000 after acquiring an additional 3,535 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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.