Morgan Stanley Boosts AON (NYSE:AON) Price Target to $327.00

AON (NYSE:AON) had its price objective increased by research analysts at Morgan Stanley from $325.00 to $327.00 in a report released on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 7.54% from the company’s current price.

Several other equities analysts also recently commented on AON. BMO Capital Markets dropped their price objective on shares of AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, December 22nd. Wells Fargo & Company reduced their price target on shares of AON from $304.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, December 21st. The Goldman Sachs Group reduced their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. TD Cowen began coverage on shares of AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target for the company. Finally, UBS Group reduced their price target on shares of AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $335.36.

AON Trading Down 0.4 %

AON opened at $304.09 on Monday. The stock has a market capitalization of $60.30 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.87 and a beta of 0.86. AON has a 12 month low of $284.85 and a 12 month high of $347.37. The firm’s fifty day simple moving average is $317.73 and its 200 day simple moving average is $315.03.

AON (NYSE:AON) last announced its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the company earned $3.89 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts predict that AON will post 15.77 EPS for the current fiscal year.

Insider Activity at AON

In other AON news, insider Lisa Stevens sold 13,000 shares of AON stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the sale, the insider now owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AON news, insider Lisa Stevens sold 13,000 shares of AON stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the sale, the insider now owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Insiders have sold 74,532 shares of company stock valued at $23,335,805 over the last ninety days. Corporate insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On AON

Large investors have recently modified their holdings of the business. BKM Wealth Management LLC purchased a new position in shares of AON in the fourth quarter worth about $25,000. Milestone Investment Advisors LLC purchased a new position in shares of AON in the third quarter worth about $30,000. Frazier Financial Advisors LLC purchased a new position in shares of AON in the fourth quarter worth about $31,000. Quarry LP purchased a new position in shares of AON in the first quarter worth about $31,000. Finally, Rise Advisors LLC purchased a new position in shares of AON in the first quarter worth about $37,000. Hedge funds and other 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.