Barclays Lowers AON (NYSE:AON) Price Target to $415.00

AON (NYSE:AON) had its price target dropped by equities research analysts at Barclays from $430.00 to $415.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 17.97% from the company’s previous close.

A number of other brokerages also recently weighed in on AON. Jefferies Financial Group boosted their target price on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Evercore ISI reduced their price objective on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research note on Monday. Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target 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. Finally, Redburn Atlantic raised shares of AON to a “hold” rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $390.67.

AON Stock Down 0.8 %

Shares of NYSE:AON opened at $351.78 on Wednesday. The stock has a market cap of $75.96 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.12 and a beta of 0.82. The business’s 50 day moving average is $383.15 and its 200 day moving average is $375.46. AON has a 12-month low of $275.07 and a 12-month high of $412.97. 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 (NYSE:AON) last posted its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the company earned $5.66 EPS. The business’s revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts forecast that AON will post 17.21 earnings per share for the current fiscal year.

Institutional Trading of AON

A number of hedge funds and other institutional investors have recently bought and sold shares of AON. Relyea Zuckerberg Hanson LLC increased its holdings in shares of AON by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 27 shares during the period. Value Partners Investments Inc. increased its stake in AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 28 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after acquiring an additional 29 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider’s stock worth $4,765,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

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.