JPMorgan Chase & Co. Boosts AON (NYSE:AON) Price Target to $409.00

AON (NYSE:AON) had its price objective boosted by JPMorgan Chase & Co. from $394.00 to $409.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.42% from the company’s previous close.

AON has been the topic of several other research reports. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler increased their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $391.13.

AON Price Performance

Shares of NYSE:AON opened at $373.79 on Tuesday. The company has a market cap of $80.74 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company’s fifty day moving average is $390.77 and its two-hundred day moving average is $374.21. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a 12-month low of $268.06 and a 12-month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the firm posted $3.89 earnings per share. Equities analysts expect that AON will post 17.21 earnings per share for the current fiscal year.

Institutional Trading of AON

Several hedge funds have recently added to or reduced their stakes in AON. Merit Financial Group LLC boosted its position in shares of AON by 22.4% in the first quarter. Merit Financial Group LLC now owns 4,210 shares of the financial services provider’s stock valued at $1,680,000 after acquiring an additional 771 shares during the period. Hummer Financial Advisory Services Inc raised its stake in AON by 11.1% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 1,703 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 170 shares during the last quarter. NBC Securities Inc. bought a new stake in AON in the 1st quarter valued at $693,000. Baker Tilly Wealth Management LLC acquired a new stake in AON in the 1st quarter worth $214,000. Finally, Czech National Bank raised its position in shares of AON by 5.9% during the first quarter. Czech National Bank now owns 49,672 shares of the financial services provider’s stock valued at $19,824,000 after buying an additional 2,781 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.