AON (NYSE:AON) Downgraded by Barclays to “Equal Weight”

AON (NYSE:AON) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $379.00 price target on the financial services provider’s stock, down from their previous price target of $420.00. Barclays‘s price target points to a potential upside of 9.59% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. TD Cowen cut their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a report on Wednesday. Wolfe Research started coverage on AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and a consensus price target of $416.56.

AON Price Performance

AON stock opened at $345.82 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company’s 50-day moving average is $350.23 and its 200-day moving average is $357.39. The stock has a market capitalization of $74.33 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. AON has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON) last issued its earnings results on Thursday, October 30th. 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 during the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.72 EPS. Equities research analysts expect that AON will post 17.21 EPS for the current fiscal year.

Institutional Trading of AON

A number of large investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. boosted its stake in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of AON during the 3rd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC bought a new stake in shares of AON in the 3rd quarter worth approximately $29,000. Saudi Central Bank purchased a new position in AON in the first quarter valued at approximately $31,000. Finally, Atlantic Union Bankshares Corp bought a new position in AON during the second quarter valued at $31,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.