AON (NYSE:AON) PT Raised to $335.00

AON (NYSE:AON) had its price target lifted by Royal Bank of Canada from $315.00 to $335.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 5.59% from the company’s previous close.

Several other analysts have also recently issued reports on AON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $311.00 target price on shares of AON in a research report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods boosted their target price on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, Morgan Stanley dropped their target price on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $325.36.

AON Trading Down 1.8 %

Shares of NYSE AON traded down $5.74 during midday trading on Monday, hitting $317.26. The company’s stock had a trading volume of 232,990 shares, compared to its average volume of 1,291,161. The company has a current ratio of 2.42, a quick ratio of 4.13 and a debt-to-equity ratio of 2.92. The business’s 50 day moving average is $292.59 and its two-hundred day moving average is $302.68. AON has a 12-month low of $268.06 and a 12-month high of $344.68. The firm has a market cap of $68.98 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 earnings per share. As a group, equities research analysts expect that AON will post 15.37 EPS for the current year.

Insider Buying and Selling at AON

In other news, Director Lester B. Knight bought 10,000 shares of AON stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now directly owns 139,000 shares of the company’s stock, valued at $38,448,790. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. boosted its position in shares of AON by 1.1% during the second quarter. Whittier Trust Co. now owns 5,042 shares of the financial services provider’s stock worth $1,480,000 after buying an additional 57 shares during the period. HB Wealth Management LLC boosted its position in shares of AON by 93.1% during the second quarter. HB Wealth Management LLC now owns 5,764 shares of the financial services provider’s stock worth $1,692,000 after buying an additional 2,779 shares during the period. Kintegral Advisory LLC boosted its position in shares of AON by 4.8% during the second quarter. Kintegral Advisory LLC now owns 1,760 shares of the financial services provider’s stock worth $517,000 after buying an additional 81 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of AON by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,985 shares of the financial services provider’s stock valued at $2,344,000 after acquiring an additional 96 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its stake in shares of AON by 43.3% in the second quarter. AlphaStar Capital Management LLC now owns 3,620 shares of the financial services provider’s stock valued at $1,063,000 after acquiring an additional 1,094 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.