AON (NYSE:AON) Price Target Cut to $400.00 by Analysts at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price objective cut by Keefe, Bruyette & Woods from $404.00 to $400.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 11.22% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company cut their target price on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. UBS Group decreased their price target on AON from $385.00 to $360.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Mizuho dropped their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, Citigroup upped their price objective on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.12.

AON Trading Up 0.8%

Shares of AON stock opened at $359.64 on Wednesday. The company’s fifty day moving average price is $325.06 and its two-hundred day moving average price is $330.70. The firm has a market capitalization of $76.81 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.88 and a beta of 0.71. 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 current ratio of 1.95 and a quick ratio of 1.95.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of AON by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after buying an additional 191,658 shares during the last quarter. Capital World Investors grew its holdings in AON by 1.5% during the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after acquiring an additional 176,207 shares during the period. State Street Corp lifted its stake in shares of AON by 1.2% in the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after purchasing an additional 105,154 shares during the period. Dodge & Cox lifted its stake in AON by 126.6% in the fourth 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. Finally, Geode Capital Management LLC grew its position in shares of AON by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after buying an additional 28,066 shares during the period. Institutional investors own 86.14% of the company’s stock.

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.