AON (NYSE:AON) Given New $426.00 Price Target at Mizuho

AON (NYSE:AON) had its price target upped by Mizuho from $389.00 to $426.00 in a report released on Thursday morning, MarketBeat.com reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods dropped their price objective on AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group upped their price target on shares of AON from $360.00 to $383.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup lifted their price objective on AON from $412.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Morgan Stanley increased their price target on shares of AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, TD Cowen reiterated a “buy” rating on shares of AON in a research report on Monday, March 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus price target of $402.19.

AON Stock Performance

AON opened at $355.20 on Thursday. The business’s 50-day simple moving average is $326.39 and its 200 day simple moving average is $330.77. AON has a 52-week low of $304.59 and a 52-week high of $381.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $75.86 billion, a PE ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.71.

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

Insider Activity at AON

In related news, General Counsel Darren Zeidel sold 600 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total value of $216,000.00. Following the sale, the general counsel owned 15,354 shares of the company’s stock, valued at $5,527,440. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

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 position in AON during the 3rd quarter worth approximately $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 shares of AON in the 4th quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth $30,000. Finally, Strive Asset Management LLC bought a new position in AON during the third quarter worth $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

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

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.