Keefe, Bruyette & Woods Reiterates Buy Rating for AON (AON)
AON (NYSE:AON)‘s stock had its “buy” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday. They presently have a $158.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 13.58% from the stock’s previous close.
Several other brokerages have also recently weighed in on AON. Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday, October 25th. Barclays upped their price target on shares of AON from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Jefferies Group reaffirmed a “buy” rating and set a $162.00 price target on shares of AON in a research report on Friday, October 13th. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Wells Fargo & Company upped their price target on shares of AON from $138.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $145.08.
Shares of AON (NYSE AON) traded down $0.13 during trading on Wednesday, hitting $139.11. 760,518 shares of the company traded hands, compared to its average volume of 1,086,878. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.08. AON has a one year low of $109.82 and a one year high of $152.78. The company has a market capitalization of $34,903.21, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04.
In other news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $141.20, for a total transaction of $564,800.00. Following the transaction, the senior vice president now directly owns 12,314 shares in the company, valued at approximately $1,738,736.80. The disclosure for this sale can be found here. Insiders have sold a total of 51,680 shares of company stock worth $7,353,887 in the last three months. Insiders own 0.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new position in shares of AON during the 3rd quarter worth about $105,000. Parallel Advisors LLC boosted its position in shares of AON by 16.7% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of AON during the 2nd quarter worth about $108,000. Pathstone Family Office LLC boosted its position in shares of AON by 6,775.0% during the 2nd quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock worth $1,703,000 after purchasing an additional 813 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in shares of AON during the 3rd quarter worth about $121,000. 87.66% of the stock is currently owned by institutional investors.
AON Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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