AON (NYSE:AON) Raised to Outperform at Evercore ISI

AON (NYSE:AON) was upgraded by equities research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $420.00 price target on the financial services provider’s stock, up from their prior price target of $407.00. Evercore ISI’s price target would suggest a potential upside of 19.09% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price 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. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $368.93.

AON Stock Up 1.2 %

NYSE AON opened at $352.67 on Wednesday. The stock’s 50 day simple moving average is $370.51 and its 200 day simple moving average is $345.85. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. AON has a one year low of $268.06 and a one year high of $395.33. The firm has a market cap of $76.27 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On AON

Institutional investors have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. lifted its holdings in shares of AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares in the last quarter. CVA Family Office LLC lifted its stake in AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC boosted its position in AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 31 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares during the last quarter. Finally, waypoint wealth counsel lifted its position in shares of AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

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.