AON (NYSE:AON) Stock Price Expected to Rise, Barclays Analyst Says

AON (NYSE:AON) had its price target increased by analysts at Barclays from $372.00 to $382.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 7.09% from the stock’s current price.

A number of other research firms also recently weighed in on AON. Citigroup lifted their target price on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. decreased their price objective on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company cut their target price on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. UBS Group reduced their target price on AON from $385.00 to $360.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $396.19.

AON Stock Down 0.2%

Shares of AON stock opened at $356.70 on Tuesday. The stock has a 50 day moving average of $323.63 and a 200-day moving average of $330.61. The firm has a market cap of $76.18 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.88 and a beta of 0.71. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. AON has a 12 month low of $304.59 and a 12 month high of $381.00.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the company earned $5.67 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that AON will post 19.09 EPS for the current year.

Institutional Investors Weigh In On AON

Several institutional investors and hedge funds have recently made changes to their positions in AON. Wealth Watch Advisors INC bought a new stake in shares of AON in the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of AON in the 4th quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in AON during the 4th quarter worth approximately $29,000. Eagle Bay Advisors LLC acquired a new stake in AON during the 4th quarter valued at $30,000. Finally, Strive Asset Management LLC acquired a new stake in AON during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Company Profile

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.