AON (NYSE:AON) Price Target Cut to $312.00

AON (NYSE:AON) had its price target reduced by equities researchers at Piper Sandler from $326.00 to $312.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target suggests a potential upside of 10.63% from the stock’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada reduced their price objective on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group reduced their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. JPMorgan Chase & Co. raised their price objective on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. UBS Group dropped their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, TD Cowen assumed coverage on AON in a research report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $329.69.

AON Stock Up 0.6 %

Shares of NYSE:AON opened at $282.01 on Monday. The business has a 50 day moving average price of $315.83 and a 200 day moving average price of $313.36. AON has a twelve month low of $268.06 and a twelve month high of $347.37. The company has a market cap of $55.98 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.72 and a beta of 0.86.

AON (NYSE:AON) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company earned $5.17 EPS. AON’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that AON will post 15.82 EPS for the current year.

Insider Buying and Selling at AON

In other AON news, CFO Christa Davies sold 20,618 shares of AON stock in a transaction on Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,690,098. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other AON news, Director Lester B. Knight acquired 50,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the sale, the chief financial officer now owns 159,570 shares of the company’s stock, valued at approximately $49,690,098. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AON

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubic Asset Management LLC bought a new stake in shares of AON during the fourth quarter worth $1,050,000. Cerity Partners LLC grew its stake in shares of AON by 177.4% during the fourth quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock worth $5,372,000 after purchasing an additional 11,806 shares during the period. Oak Thistle LLC acquired a new stake in shares of AON during the fourth quarter worth $3,203,000. James Hambro & Partners grew its stake in shares of AON by 9.9% during the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock worth $65,137,000 after purchasing an additional 20,239 shares during the period. Finally, Pathstone Family Office LLC grew its stake in shares of AON by 45.1% during the third quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock worth $5,081,000 after purchasing an additional 4,872 shares during the period. Institutional investors own 86.14% of the company’s stock.

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.