JPMorgan Chase & Co. Cuts AON (NYSE:AON) Price Target to $433.00

AON (NYSE:AON) had its price objective trimmed by JPMorgan Chase & Co. from $436.00 to $433.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research assumed coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Piper Sandler increased their price objective on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. TD Cowen reduced their target price on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Evercore ISI increased their target price on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $420.00.

AON Price Performance

NYSE AON opened at $359.82 on Thursday. The company has a 50-day moving average price of $364.41 and a 200-day moving average price of $362.78. AON has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $77.59 billion, a P/E ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research 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 have recently added to or reduced their stakes in AON. Farther Finance Advisors LLC grew its holdings in AON by 26.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider’s stock valued at $505,000 after buying an additional 261 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in AON during the 1st quarter valued at approximately $580,000. GAMMA Investing LLC grew its holdings in AON by 41.7% during the 1st quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock valued at $762,000 after buying an additional 562 shares in the last quarter. Simplicity Wealth LLC grew its holdings in AON by 203.1% during the 1st quarter. Simplicity Wealth LLC now owns 1,964 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,316 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in AON by 33.3% during the 1st quarter. Integrated Advisors Network LLC now owns 904 shares of the financial services provider’s stock valued at $361,000 after buying an additional 226 shares in 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.