Keefe, Bruyette & Woods Boosts AON (NYSE:AON) Price Target to $416.00

AON (NYSE:AONGet Free Report) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $410.00 to $416.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 18.78% from the stock’s previous close.

A number of other equities analysts have also commented on the company. UBS Group cut their price objective on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a research report on Monday, November 3rd. Roth Capital reiterated a “buy” rating and set a $390.00 price objective on shares of AON in a research report on Tuesday, November 4th. TD Cowen dropped their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Evercore ISI lifted their price objective on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report 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 given a Hold rating to the stock. Based on data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus price target of $411.24.

Read Our Latest Analysis on AON

AON Stock Performance

Shares of AON stock opened at $350.22 on Tuesday. The stock has a market cap of $75.27 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 1.77 and a beta of 0.84. AON has a twelve month low of $323.73 and a twelve month high of $412.97. The company’s fifty day moving average is $348.75 and its 200 day moving average is $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 (NYSE:AONGet Free Report) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $2.72 EPS. AON’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that AON will post 17.21 EPS for the current year.

Institutional Trading of AON

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AON by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,329 shares of the financial services provider’s stock valued at $9,310,000 after buying an additional 2,117 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in AON by 15.2% during the 1st quarter. Great Lakes Advisors LLC now owns 841 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 111 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of AON by 10.1% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,061 shares of the financial services provider’s stock valued at $1,621,000 after purchasing an additional 374 shares in the last quarter. Ascent Group LLC boosted its position in shares of AON by 40.5% during the first quarter. Ascent Group LLC now owns 8,034 shares of the financial services provider’s stock valued at $3,206,000 after buying an additional 2,316 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new stake in AON during the first quarter worth $323,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

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About AON

(Get Free Report)

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.

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