AON (NYSE:AON) Price Target Raised to $416.00 at Jefferies Financial Group

AON (NYSE:AON) had its target price upped by equities researchers at Jefferies Financial Group from $396.00 to $416.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 10.86% from the company’s previous close.

Other analysts also recently issued reports about the company. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and a consensus price target of $393.87.

AON Trading Up 1.7 %

Shares of AON stock opened at $375.26 on Friday. The firm has a market capitalization of $81.06 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.12 and a beta of 0.82. AON has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The stock has a 50 day moving average of $390.58 and a 200 day moving average of $374.56. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the business posted $3.89 EPS. As a group, research analysts predict that AON will post 17.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Endeavor Private Wealth Inc. acquired a new stake in shares of AON during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in AON during the fourth quarter worth about $32,000. Anchor Investment Management LLC boosted its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC bought a new position in AON in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

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.