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

AON (NYSE:AONGet Free Report) had its price objective dropped by JPMorgan Chase & Co. from $406.00 to $396.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 21.99% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on AON. Cantor Fitzgerald upped their price target on AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Mizuho raised AON from a “neutral” rating to an “outperform” rating and set a $397.00 target price on the stock in a research note on Friday, February 27th. Keefe, Bruyette & Woods reduced their target price on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday. Barclays decreased their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $402.00.

Get Our Latest Analysis on AON

AON Stock Performance

NYSE AON traded down $5.14 on Thursday, hitting $324.62. 652,103 shares of the company’s stock were exchanged, compared to its average volume of 1,439,182. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 2.03. The firm’s 50-day moving average price is $327.24 and its two-hundred day moving average price is $341.04. AON has a fifty-two week low of $304.59 and a fifty-two week high of $387.69. The firm has a market cap of $69.55 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.77 and a beta of 0.83.

AON (NYSE:AONGet Free Report) last released its earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.75 by $0.10. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.42 EPS. On average, research analysts expect that AON will post 17.21 EPS for the current year.

Insider Activity

In other AON news, General Counsel Darren Zeidel sold 5,040 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the transaction, the general counsel directly owned 20,254 shares of the company’s stock, valued at $6,598,550.66. This trade represents a 19.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lester B. Knight acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the transaction, the director directly owned 143,000 shares of the company’s stock, valued at $45,651,320. This trade represents a 2.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Institutional Trading of AON

Large investors have recently modified their holdings of the business. Westside Investment Management Inc. grew its stake in shares of AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in shares of AON during the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of AON during the fourth quarter valued at about $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of AON during the third quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of AON during the fourth quarter valued at about $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Key AON News

Here are the key news stories impacting AON this week:

AON Company Profile

(Get Free Report)

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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Analyst Recommendations for AON (NYSE:AON)

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