JPMorgan Chase & Co. Has Lowered Expectations for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $433.00 to $406.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 15.30% from the company’s current price.

AON has been the subject of a number of other reports. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. 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 report on Monday, November 3rd. TD Cowen reduced their target price on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Roth Capital restated a “buy” rating and set a $390.00 price objective on shares of AON in a research report on Tuesday, November 4th. Finally, Mizuho started coverage on shares of AON in a research note on Monday, December 15th. They set a “neutral” rating and a $389.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $411.35.

AON Stock Performance

Shares of NYSE AON opened at $352.13 on Wednesday. The stock has a 50 day simple moving average of $349.23 and a 200-day simple moving average of $355.33. The company has a market cap of $75.68 billion, a PE ratio of 28.22, a P/E/G ratio of 1.77 and a beta of 0.84. AON has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.72 earnings per share. On average, equities research analysts forecast that AON will post 17.21 EPS for the current year.

Institutional Investors Weigh In On AON

Large investors have recently added to or reduced their stakes in the stock. Silver Lake Advisory LLC acquired a new position in shares of AON in the third quarter valued at approximately $1,292,000. Peak Financial Advisors LLC acquired a new position in AON during the 2nd quarter worth approximately $2,464,000. Nordea Investment Management AB grew its stake in shares of AON by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after acquiring an additional 1,061 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of AON by 27.7% during the 1st quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after buying an additional 27,280 shares during the last quarter. Finally, Arrowroot Family Office LLC acquired a new position in AON during the second quarter valued at approximately $541,000. Institutional investors own 86.14% of the company’s stock.

About AON

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.