AON (NYSE:AON) Price Target Lowered to $406.00 at JPMorgan Chase & Co.

AON (NYSE:AON) had its target price decreased by JPMorgan Chase & Co. from $433.00 to $406.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. UBS Group cut their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Barclays restated an “equal weight” rating and set a $379.00 price target (down from $420.00) on shares of AON in a report on Thursday, November 20th. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a report on Monday, November 3rd. Finally, TD Cowen lowered their target price on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, AON currently has an average rating of “Moderate Buy” and an average price target of $411.24.

AON Price Performance

AON opened at $350.22 on Wednesday. The firm has a market capitalization of $75.27 billion, a P/E ratio of 28.06, a PEG ratio of 1.77 and a beta of 0.84. The stock has a fifty day moving average of $348.75 and a 200-day moving average of $355.35. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. AON has a 12-month low of $323.73 and a 12-month high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.AON’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.72 earnings per share. Equities analysts forecast that AON will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 23.88%.

Institutional Investors Weigh In On AON

A number of hedge funds have recently bought and sold shares of the company. Silver Lake Advisory LLC bought a new stake in AON during the 3rd quarter worth about $1,292,000. Peak Financial Advisors LLC acquired a new stake in shares of AON during the 2nd quarter worth approximately $2,464,000. Nordea Investment Management AB raised its stake in shares of AON by 6.6% during the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after buying an additional 1,061 shares during the last quarter. Focus Partners Wealth lifted its holdings in AON by 27.7% in the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock valued at $50,219,000 after buying an additional 27,280 shares during the period. Finally, Arrowroot Family Office LLC bought a new position in AON in the second quarter valued at approximately $541,000. 86.14% of the stock is currently owned by institutional investors.

Trending Headlines about AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target for AON to $416 and maintained an “outperform” view, signaling continued analyst confidence in upside. Article Title
• Positive Sentiment: Aon highlighted that excess capital is prompting reinsurance M&A, positioning Aon to benefit from advisory and broking activity if consolidation accelerates. Excess capital sets stage for reinsurance mergers, Aon says
• Positive Sentiment: Aon will enter Japan’s insurance broker market as regulatory rules loosen—this opens a large growth market and diversifies international revenue opportunities. UK’s Aon to enter Japan insurance broker market as rules ease
• Positive Sentiment: Aon’s solutions delivered a notable client outcome—Dutch pensioners saw a 13.6% rise under a new DC arrangement—illustrating Aon’s capability in pensions consulting and potential for further mandate wins. Aon: Dutch pensioners see 13.6% pension rise in new DC arrangement
• Neutral Sentiment: JPMorgan cut its price target to $406 but kept an “overweight” rating—still implying upside, but the lower target tempers some near-term enthusiasm. Article Title
• Neutral Sentiment: Aon sold its U.S. Field Services unit to Global Risk Consultants—a divestiture that may streamline Aon’s footprint but removes a line of revenue; likely strategic rather than material to core brokerage margins. Global Risk Consultants Expands U.S. Property Risk Engineering Capabilities with Acquisition of Aon U.S. Field Services
• Neutral Sentiment: Market commentary notes AON has underperformed some peers despite daily gains—investors are watching relative performance versus competitors. Article Title
• Negative Sentiment: Eric Andersen, a longtime Aon executive, has been tapped to become CEO of AIG—loss of senior talent can be disruptive and raises questions about succession and client/relationship continuity at Aon. AIG Taps Aon’s Eric Andersen to Succeed Peter Zaffino as CEO

About AON

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.