AON (NYSE:AON) Given New $414.00 Price Target at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price target hoisted by equities researchers at Keefe, Bruyette & Woods from $411.00 to $414.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 9.54% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen raised their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday. BMO Capital Markets increased their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $381.00.

AON Price Performance

NYSE:AON opened at $377.95 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The stock’s 50-day simple moving average is $365.81 and its 200 day simple moving average is $355.61. The company has a market cap of $81.74 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.02 and a beta of 0.93. AON has a 52-week low of $268.06 and a 52-week high of $395.33.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business posted $3.89 earnings per share. As a group, sell-side analysts forecast that AON will post 17.39 EPS for the current fiscal year.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AON

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. lifted its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC increased its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services purchased a new position in AON in the third quarter valued at about $37,000. Finally, Centricity Wealth Management LLC acquired a new stake in AON in the fourth quarter valued at approximately $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Company Profile

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.