Evercore ISI Cuts AON (NYSE:AON) Price Target to $398.00

AON (NYSE:AON) had its target price lowered by analysts at Evercore ISI from $420.00 to $398.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price would suggest a potential upside of 16.22% from the company’s current price.

Several other brokerages have also recently issued reports on AON. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Finally, Barclays cut their price target on shares of AON from $440.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON presently has an average rating of “Hold” and an average target price of $392.00.

AON Stock Performance

AON stock traded up $6.61 during mid-day trading on Monday, hitting $342.46. The company had a trading volume of 257,418 shares, compared to its average volume of 1,293,155. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $73.97 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.12 and a beta of 0.82. The company’s fifty day moving average is $386.53 and its 200-day moving average is $375.91. AON has a 12-month low of $275.07 and a 12-month high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. Equities research analysts predict that AON will post 17.21 EPS for the current year.

Institutional Trading of AON

A number of hedge funds have recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC increased its stake in AON by 1.9% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock worth $570,000 after buying an additional 27 shares during the period. Value Partners Investments Inc. raised its stake in shares of AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 28 shares in the last quarter. Brighton Jones LLC raised its stake in AON by 0.4% during the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after buying an additional 29 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 31 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider’s stock worth $4,765,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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.