AON (NYSE:AON) Price Target Raised to $365.00 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 research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 1.66% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Barclays started coverage on AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Morgan Stanley lowered their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft upped 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, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $341.81.

AON Trading Up 1.4 %

AON stock traded up $5.06 during mid-day trading on Wednesday, hitting $359.03. The stock had a trading volume of 1,072,742 shares, compared to its average volume of 1,192,819. The stock has a market capitalization of $78.00 billion, a PE ratio of 28.14, a P/E/G ratio of 2.24 and a beta of 0.92. AON has a 12 month low of $268.06 and a 12 month high of $360.16. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a 50-day simple moving average of $341.10 and a two-hundred day simple moving average of $313.61.

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

Institutional Trading of AON

Institutional investors have recently made changes to their positions in the business. waypoint wealth counsel increased its stake in AON by 3.6% in the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after buying an additional 32 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in AON by 7.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 37 shares in the last quarter. Proficio Capital Partners LLC boosted its position in AON by 3.9% during the first quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 38 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in AON by 5.5% in the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 38 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of AON by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 39 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.