JPMorgan Chase & Co. Issues Pessimistic Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its price objective cut by research analysts at JPMorgan Chase & Co. from $436.00 to $433.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.34% from the company’s current price.

Several other brokerages also recently commented on AON. Evercore ISI lifted their target price on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Barclays restated an “overweight” rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. TD Cowen reduced their price target on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Performance

Shares of NYSE AON opened at $359.82 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a 50 day moving average of $364.41 and a 200-day moving average of $363.01. AON has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a market capitalization of $77.59 billion, a P/E ratio of 30.14, a P/E/G ratio of 2.14 and a beta of 0.89.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.93 earnings per share. As a group, equities research analysts predict that AON will post 17.21 EPS for the current year.

Institutional Trading of AON

Several large investors have recently bought and sold shares of AON. Farther Finance Advisors LLC boosted its stake in AON by 26.0% in the first quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider’s stock valued at $505,000 after buying an additional 261 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of AON in the 1st quarter valued at approximately $580,000. GAMMA Investing LLC boosted its stake in shares of AON by 41.7% in the 1st quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock valued at $762,000 after purchasing an additional 562 shares in the last quarter. Simplicity Wealth LLC boosted its position in AON by 203.1% in the first quarter. Simplicity Wealth LLC now owns 1,964 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,316 shares in the last quarter. Finally, Integrated Advisors Network LLC boosted its position in AON by 33.3% in the first quarter. Integrated Advisors Network LLC now owns 904 shares of the financial services provider’s stock valued at $361,000 after buying an additional 226 shares in the last quarter. 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.