AON (NYSE:AON) Given New $365.00 Price Target at Jefferies Financial Group

AON (NYSE:AON) had its target price lifted by equities researchers at Jefferies Financial Group from $344.00 to $365.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 1.66% from the stock’s previous close.

A number of other research analysts have also commented on the company. 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. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Barclays began coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Morgan Stanley cut their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $341.81.

AON Stock Performance

Shares of AON stock traded up $5.06 on Wednesday, reaching $359.03. The stock had a trading volume of 1,072,742 shares, compared to its average volume of 1,192,819. AON has a fifty-two week low of $268.06 and a fifty-two week high of $360.16. The business’s 50-day moving average price is $341.10 and its two-hundred day moving average price is $313.61. 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 stock has a market cap of $78.00 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the business posted $2.76 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, sell-side analysts forecast that AON will post 15.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AON. Watts Gwilliam & Co. LLC acquired a new stake in AON during the 3rd quarter valued at $270,000. UMB Bank n.a. increased its stake in shares of AON by 13.8% in the third quarter. UMB Bank n.a. now owns 1,629 shares of the financial services provider’s stock valued at $564,000 after buying an additional 197 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of AON by 7.4% in the third quarter. Wedmont Private Capital now owns 1,734 shares of the financial services provider’s stock valued at $596,000 after buying an additional 120 shares during the last quarter. CWM LLC lifted its position in AON by 1.2% during the 3rd quarter. CWM LLC now owns 13,977 shares of the financial services provider’s stock worth $4,836,000 after buying an additional 162 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in AON by 5.0% in the 3rd quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock valued at $33,979,000 after acquiring an additional 4,666 shares in the last quarter. Institutional investors 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.