AON (NYSE:AON) PT Raised to $432.00 at TD Cowen

AON (NYSE:AON) had its price objective boosted by stock analysts at TD Cowen from $413.00 to $432.00 in a research report issued on Thursday. TD Cowen’s price objective indicates a potential upside of 15.07% from the stock’s previous close.

Several other brokerages have also recently issued reports on AON. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. upped their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $349.69.

AON Stock Performance

Shares of AON stock opened at $375.43 on Thursday. AON has a one year low of $268.06 and a one year high of $389.21. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The firm’s 50 day moving average price is $348.14 and its 200-day moving average price is $316.29. The firm has a market cap of $81.56 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.31 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, equities research analysts predict that AON will post 15.21 EPS for the current year.

Institutional Investors Weigh In On AON

Several hedge funds and other institutional investors have recently bought and sold shares of AON. 180 Wealth Advisors LLC lifted its holdings in shares of AON by 6.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 910 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 53 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in AON by 8.6% in the first quarter. Kathmere Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $730,000 after buying an additional 173 shares during the last quarter. WoodTrust Financial Corp boosted its holdings in shares of AON by 2.5% in the first quarter. WoodTrust Financial Corp now owns 5,288 shares of the financial services provider’s stock valued at $1,765,000 after acquiring an additional 128 shares during the period. Cornerstone Wealth Group LLC grew its position in shares of AON by 15.4% during the first quarter. Cornerstone Wealth Group LLC now owns 826 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 110 shares during the last quarter. Finally, Sandy Cove Advisors LLC increased its holdings in shares of AON by 29.1% in the 1st quarter. Sandy Cove Advisors LLC now owns 1,870 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 422 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Company Profile

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.