JPMorgan Chase & Co. Raises AON (NYSE:AON) Price Target to $394.00

AON (NYSE:AON) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $379.00 to $394.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.31% from the stock’s previous close.

AON has been the topic of several other research reports. TD Cowen increased their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Evercore ISI raised their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $363.00.

AON Price Performance

AON stock opened at $353.98 on Friday. The stock has a market cap of $76.55 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The firm has a 50-day moving average of $372.03 and a two-hundred day moving average of $344.37. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in AON during the second quarter worth about $31,000. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares in the last quarter. First Personal Financial Services purchased a new position in AON in the third quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON during the 3rd quarter worth $42,000. Finally, Eastern Bank acquired a new stake in shares of AON during the third quarter worth about $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

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.