AON (NYSE:AON) Given New $398.00 Price Target at Evercore ISI

AON (NYSE:AON) had its price target cut by equities research analysts at Evercore ISI from $420.00 to $398.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target would suggest a potential upside of 13.76% from the company’s current price.

Other analysts have also recently issued reports about the stock. Piper Sandler raised shares of AON from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $384.00 to $378.00 in a report on Monday. JPMorgan Chase & Co. boosted their price objective on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Barclays reduced their price target on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $392.00.

AON Stock Performance

Shares of AON opened at $349.86 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business’s 50 day moving average is $384.64 and its two-hundred day moving average is $375.65. The firm has a market cap of $75.57 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.12 and a beta of 0.82. AON has a 52-week low of $275.07 and a 52-week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. AON’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.66 earnings per share. Analysts forecast that AON will post 17.21 EPS for the current fiscal year.

Institutional Trading of AON

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in shares of AON by 25.1% in the first quarter. Envestnet Asset Management Inc. now owns 461,160 shares of the financial services provider’s stock valued at $184,044,000 after buying an additional 92,600 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of AON by 167.2% during the first quarter. Penserra Capital Management LLC now owns 3,917 shares of the financial services provider’s stock worth $1,562,000 after purchasing an additional 2,451 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of AON during the first quarter valued at $79,000. Concurrent Investment Advisors LLC acquired a new position in shares of AON in the 1st quarter valued at $259,000. Finally, HM Payson & Co. raised its holdings in AON by 1.1% during the 1st quarter. HM Payson & Co. now owns 129,656 shares of the financial services provider’s stock worth $51,744,000 after buying an additional 1,413 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

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.