AON (NYSE:AON) Price Target Lowered to $430.00 at Barclays

AON (NYSE:AON) had its target price dropped by analysts at Barclays from $440.00 to $430.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 14.59% from the stock’s previous close.

Several other equities analysts also recently commented on AON. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, AON currently has an average rating of “Hold” and an average target price of $393.87.

AON Trading Up 1.7 %

Shares of AON stock opened at $375.26 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a 12-month low of $268.06 and a 12-month high of $412.97. The stock has a market capitalization of $81.06 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The firm’s 50 day moving average is $390.58 and its 200 day moving average is $374.56.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the business earned $3.89 EPS. Research analysts expect that AON will post 17.21 earnings per share for the current year.

Institutional Trading of AON

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of AON in the 4th quarter worth approximately $596,665,000. Artisan Partners Limited Partnership grew its position in AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after purchasing an additional 960,204 shares during the last quarter. GAMMA Investing LLC increased its stake in AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider’s stock valued at $304,052,000 after purchasing an additional 760,516 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after purchasing an additional 627,742 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of AON by 5,877.4% in the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock worth $192,572,000 after acquiring an additional 527,204 shares during the period. 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.