AON (NYSE:AON) Price Target Raised to $312.00 at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price objective increased by Keefe, Bruyette & Woods from $294.00 to $312.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has an underperform rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. TD Cowen began coverage on AON in a research note on Wednesday, January 10th. They issued an outperform rating and a $390.00 price objective for the company. BMO Capital Markets dropped their price objective on AON from $350.00 to $325.00 and set a market perform rating for the company in a research note on Friday, December 22nd. Piper Sandler raised their price objective on AON from $306.00 to $326.00 and gave the company a neutral rating in a research note on Monday, February 12th. Royal Bank of Canada dropped their price target on AON from $342.00 to $325.00 and set a sector perform rating for the company in a research report on Monday, February 5th. Finally, Wells Fargo & Company dropped their price target on AON from $304.00 to $295.00 and set an underweight rating for the company in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $337.50.

AON Trading Down 1.1 %

Shares of AON stock opened at $316.00 on Wednesday. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. The stock has a 50 day simple moving average of $316.96 and a 200-day simple moving average of $315.78. AON has a 12-month low of $284.85 and a 12-month high of $347.37.

AON (NYSE:AON) last issued its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $3.89 earnings per share. On average, equities analysts forecast that AON will post 15.78 earnings per share for the current fiscal year.

Insider Activity at AON

In other news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by insiders.

Institutional Trading of AON

A number of hedge funds and other institutional investors have recently modified their holdings of AON. Moneta Group Investment Advisors LLC increased its position in shares of AON by 106,777.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock worth $845,578,000 after acquiring an additional 2,814,643 shares during the last quarter. Norges Bank purchased a new stake in shares of AON during the fourth quarter worth about $423,030,000. Nuveen Asset Management LLC purchased a new stake in shares of AON during the fourth quarter worth about $183,392,000. Morgan Stanley increased its position in shares of AON by 38.7% during the fourth quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock worth $667,355,000 after acquiring an additional 620,067 shares during the last quarter. Finally, Barclays PLC increased its position in shares of AON by 200.5% during the second quarter. Barclays PLC now owns 831,903 shares of the financial services provider’s stock worth $287,171,000 after acquiring an additional 555,078 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.