AON (NYSE:AON) Price Target Cut to $308.00

AON (NYSE:AONGet Free Report) had its price target lowered by investment analysts at UBS Group from $333.00 to $308.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective suggests a potential upside of 2.38% from the stock’s previous close.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. upgraded shares of AON from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $351.00 to $321.00 in a research report on Monday, January 8th. Piper Sandler decreased their price target on shares of AON from $318.00 to $306.00 and set a “neutral” rating on the stock in a research report on Thursday, December 21st. Royal Bank of Canada decreased their price target on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods lowered shares of AON from a “market perform” rating to an “underperform” rating and set a $328.00 target price on the stock. in a research report on Friday, December 15th. Finally, Wells Fargo & Company decreased their target price on shares of AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $334.93.

Check Out Our Latest Report on AON

AON Stock Performance

Shares of AON opened at $300.83 on Monday. The company has a market capitalization of $60.23 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. AON has a one year low of $280.89 and a one year high of $347.37. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.27 and a quick ratio of 1.41. The company’s fifty day moving average price is $304.64 and its 200 day moving average price is $319.06.

AON (NYSE:AONGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18). The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.89 earnings per share. As a group, analysts expect that AON will post 16.21 earnings per share for the current year.

Hedge Funds Weigh In On AON

Large investors have recently modified their holdings of the stock. CWA Asset Management Group LLC grew its stake in shares of AON by 3.3% in the 2nd quarter. CWA Asset Management Group LLC now owns 933 shares of the financial services provider’s stock valued at $322,000 after buying an additional 30 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of AON by 7.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider’s stock valued at $155,000 after buying an additional 31 shares during the period. Arcus Capital Partners LLC grew its stake in shares of AON by 2.7% in the 3rd quarter. Arcus Capital Partners LLC now owns 1,171 shares of the financial services provider’s stock valued at $380,000 after buying an additional 31 shares during the period. Equitable Holdings Inc. grew its stake in shares of AON by 2.3% in the 1st quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock valued at $456,000 after buying an additional 32 shares during the period. Finally, Roundview Capital LLC grew its stake in shares of AON by 1.3% in the 2nd quarter. Roundview Capital LLC now owns 2,579 shares of the financial services provider’s stock valued at $890,000 after buying an additional 32 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

AON Company Profile

(Get Free Report)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.

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