AON (NYSE:AON) Downgraded by Barclays to Hold

AON (NYSE:AON) was downgraded by research analysts at Barclays from an “overweight” rating to a “hold” rating in a report released on Thursday, Marketbeat reports.

A number of other analysts also recently weighed in on the stock. Wolfe Research assumed coverage on shares of AON in a report on Monday, September 15th. They set a “peer perform” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. JPMorgan Chase & Co. lowered their price target on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Piper Sandler upped their price objective on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.56.

AON Stock Performance

AON opened at $345.82 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. AON has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market cap of $74.33 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The business’s fifty day moving average is $350.23 and its 200-day moving average is $357.39.

AON (NYSE:AON) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the business posted $2.72 earnings per share. AON’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that AON will post 17.21 EPS for the current fiscal year.

Institutional Trading of AON

Several large investors have recently made changes to their positions in AON. U.S. Capital Wealth Advisors LLC boosted its holdings in AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 28 shares in the last quarter. Matrix Trust Co lifted its holdings in shares of AON by 7.1% in the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 28 shares in the last quarter. HHM Wealth Advisors LLC grew its position in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares during the period. Sunflower Bank N.A. increased its stake in AON by 1.8% during the 2nd quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 30 shares in the last quarter. Finally, MBL Wealth LLC raised its holdings in AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after buying an additional 31 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.