Keefe, Bruyette & Woods Cuts AON (NYSE:AON) Price Target to $401.00

by · The Markets Daily

AON (NYSE:AON – Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $416.00 to $401.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

AON has been the subject of several other reports. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $398.00 to $397.00 in a research report on Friday, February 27th. UBS Group reissued a “neutral” rating and set a $385.00 price target on shares of AON in a research report on Monday, February 2nd. Evercore reissued an “outperform” rating and set a $436.00 price target on shares of AON in a research report on Wednesday, January 7th. Jefferies Financial Group reissued a “buy” rating and set a $408.00 price target on shares of AON in a research report on Monday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.00.

Check Out Our Latest Stock Analysis on AON

AON Stock Performance

AON stock opened at $325.06 on Tuesday. The firm has a market cap of $69.65 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.81 and a beta of 0.83. The firm has a 50-day simple moving average of $326.89 and a two-hundred day simple moving average of $340.93. AON has a one year low of $304.59 and a one year high of $387.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03.

AON (NYSE:AON – Get Free Report) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.75 by $0.10. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.42 earnings per share. On average, equities analysts forecast that AON will post 17.21 EPS for the current fiscal year.

Insider Activity

In other AON news, Director Lester B. Knight purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were bought at an average price of $319.24 per share, for a total transaction of $1,276,960.00. Following the acquisition, the director owned 143,000 shares in the company, valued at $45,651,320. This represents a 2.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the completion of the transaction, the general counsel owned 20,254 shares in the company, valued at approximately $6,598,550.66. This trade represents a 19.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On AON

Several hedge funds and other institutional investors have recently bought and sold shares of AON. Westside Investment Management Inc. increased its holdings in AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after buying an additional 35 shares during the period. Wealth Watch Advisors INC acquired a new position in AON in the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in AON in the 4th quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new position in AON in the 3rd quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in AON in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Key Stories Impacting AON

Here are the key news stories impacting AON this week:

AON Company Profile

(Get Free Report)

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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