AON (NYSE:AON) Stock Gets Price Target Trim from UBS Group
by Jessica Moore · The Cerbat GemAON (NYSE:AON – Get Free Report) had its price target lowered by stock analysts at UBS Group from $387.00 to $356.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group‘s price target would indicate a potential upside of 6.67% from the company’s previous close.
Several other research firms have also commented on AON. Morgan Stanley lowered their price objective on shares of AON from $410.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Roth Capital set a $380.00 target price on shares of AON and gave the stock a “buy” rating in a report on Tuesday, September 1st. Raymond James Financial upgraded shares of AON from an “underperform” rating to a “market perform” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of AON from $323.00 to $364.00 and gave the company an “overweight” rating in a report on Monday. Finally, Jefferies Financial Group lowered their price target on shares of AON from $387.00 to $383.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $368.76.
Check Out Our Latest Analysis on AON
AON Price Performance
Shares of NYSE AON traded up $12.06 during midday trading on Monday, reaching $333.74. 1,679,249 shares of the stock traded hands, compared to its average volume of 1,545,975. The company has a debt-to-equity ratio of 2.58, a current ratio of 4.72 and a quick ratio of 4.72. The stock has a market capitalization of $70.81 billion, a PE ratio of 18.28, a P/E/G ratio of 1.69 and a beta of 0.63. AON has a one year low of $266.33 and a one year high of $382.34. The company’s 50 day moving average is $302.17 and its 200 day moving average is $326.08.
AON (NYSE:AON – Get Free Report) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.06. AON had a net margin of 22.24% and a return on equity of 40.46%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm posted $3.05 earnings per share. AON’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that AON will post 18.55 earnings per share for the current year.
Insider Transactions at AON
In other news, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the purchase, the director directly owned 163,000 shares of the company’s stock, valued at $53,379,240. This represents a 13.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On AON
Institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of AON by 11,179.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock worth $1,114,313,000 after purchasing an additional 3,990,441 shares during the period. Bank of America Corp DE raised its position in AON by 16.3% in the 1st quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock worth $510,857,000 after purchasing an additional 222,092 shares during the period. Amundi raised its position in AON by 23.5% in the 1st quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after purchasing an additional 285,549 shares during the period. Dimensional Fund Advisors LP raised its position in AON by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock worth $404,709,000 after purchasing an additional 213,051 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in AON by 74.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock worth $257,391,000 after purchasing an additional 340,866 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
Key AON News
Here are the key news stories impacting AON this week:
- Positive Sentiment: Wells Fargo raised its AON price target from $323 to $364 and maintained an “Overweight” rating, implying further upside based on the cited share price. Wells Fargo raises Aon price target
- Positive Sentiment: Cantor Fitzgerald increased its target from $400 to $410 and reiterated an “Overweight” rating, reflecting confidence in Aon’s earnings and long-term growth prospects. Cantor Fitzgerald raises Aon price target
- Positive Sentiment: Raymond James upgraded AON to “Market Perform,” a less bearish stance that removes a potential overhang on the stock, although it is not an outright buy recommendation. Raymond James upgrades Aon
- Positive Sentiment: Aon executive Andy Hofmann identified data centers and MGAs as additional avenues for expansion, potentially supporting future insurance demand, fee revenue and diversification. Aon growth opportunities in data centers and MGAs
- Neutral Sentiment: AON reached the record date for its $0.820-per-share quarterly dividend, reinforcing shareholder returns but providing limited new information about the company’s outlook. Aon quarterly dividend record date
- Negative Sentiment: Aon estimates European windstorms Austen and Boelo could generate hundreds of millions of dollars in insured losses, highlighting elevated catastrophe exposure for the insurance industry. However, the event may also increase demand for risk advisory and reinsurance services. Aon estimate of European windstorm losses
About AON
Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.
The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.
Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.
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