AON (NYSE:AON) Price Target Cut to $390.00 by Analysts at UBS Group

AON (NYSE:AON) had its price objective dropped by UBS Group from $400.00 to $390.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 12.88% from the company’s current price.

Several other brokerages have also commented on AON. Wolfe Research initiated coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods dropped their price target on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. TD Cowen decreased their target price on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and set a $390.00 price target on shares of AON in a research report on Tuesday, November 4th. Finally, Citigroup raised shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $419.13.

AON Trading Down 0.2%

AON traded down $0.81 during trading on Monday, hitting $345.51. The company’s stock had a trading volume of 613,281 shares, compared to its average volume of 1,298,288. The stock has a market cap of $74.26 billion, a PE ratio of 28.94, a PEG ratio of 1.92 and a beta of 0.86. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. AON has a twelve month low of $323.73 and a twelve month high of $412.97. The firm’s 50 day moving average price is $354.08 and its 200-day moving average price is $357.66.

AON (NYSE:AON) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. On average, analysts expect that AON will post 17.21 earnings per share for the current year.

Institutional Trading of AON

Several institutional investors have recently added to or reduced their stakes in AON. Westside Investment Management Inc. raised its stake in shares of AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of AON in the 3rd quarter worth approximately $29,000. Saudi Central Bank acquired a new stake in shares of AON during the 1st quarter valued at approximately $31,000. Atlantic Union Bankshares Corp acquired a new position in AON in the second quarter worth $31,000. Finally, Salomon & Ludwin LLC bought a new stake in AON during the third quarter valued at $31,000. 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.