AON (NYSE:AON) Price Target Lowered to $406.00 at Wells Fargo & Company

AON (NYSE:AON) had its price objective decreased by Wells Fargo & Company from $409.00 to $406.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

AON has been the subject of several other reports. UBS Group lifted their price objective on AON from $360.00 to $383.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho upped their target price on shares of AON from $389.00 to $426.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley raised their target price on shares of AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods dropped their price target on AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Barclays boosted their price target on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus price target of $402.19.

AON Price Performance

Shares of NYSE AON opened at $355.20 on Thursday. AON has a twelve month low of $304.59 and a twelve month high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average of $326.39 and a two-hundred day moving average of $330.77. The company has a market capitalization of $75.86 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.71.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.67 EPS. As a group, analysts expect that AON will post 19.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AON news, General Counsel Darren Zeidel sold 600 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total value of $216,000.00. Following the completion of the transaction, the general counsel directly owned 15,354 shares in the company, valued at $5,527,440. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AON

Large investors have recently added to or reduced their stakes in the company. Dodge & Cox increased its stake in shares of AON by 126.6% in the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after buying an additional 4,387,773 shares during the period. Norges Bank bought a new position in AON during the fourth quarter worth about $1,155,981,000. Viking Global Investors LP bought a new stake in AON in the 3rd quarter valued at about $504,424,000. Balyasny Asset Management L.P. grew its position in shares of AON by 40,219.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after purchasing an additional 844,615 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new position in shares of AON during the fourth quarter worth approximately $229,372,000. 86.14% of the stock is owned by institutional investors and hedge funds.

More AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: Mizuho raised its price target on Aon to $426 from $389 and reiterated an outperform rating, signaling confidence in further upside for the stock. Mizuho raises Aon price target
• Positive Sentiment: Wells Fargo kept an overweight rating and nudged its target to $406 from $409, indicating analysts still see meaningful upside despite the small cut. Wells Fargo adjusts Aon target
• Positive Sentiment: Keefe, Bruyette & Woods also maintained an outperform rating, trimming its target only slightly to $400 from $404, which suggests the broader analyst view remains constructive. KBW adjusts Aon target
• Neutral Sentiment: Aon announced leadership changes in its specialty risk and reinsurance businesses, including new appointments and a revised UK and Ireland reinsurance structure, which may support longer-term execution but is not likely to move the stock immediately. Aon appoints Bob Reville and Eric Foster
• Negative Sentiment: Aon General Counsel Darren Zeidel sold 600 shares at $360 each, a routine insider transaction that can still be read as a mild negative signal by investors. SEC insider filing for Darren Zeidel sale

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.