AON (NYSE:AON) Upgraded at Cantor Fitzgerald

AON (NYSE:AON) was upgraded by investment analysts at Cantor Fitzgerald to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Evercore ISI increased their target price on shares of AON from $411.00 to $421.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 target price on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company reissued an “overweight” rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Barclays reissued an “overweight” rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and upped their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $410.69.

AON Price Performance

AON stock opened at $366.72 on Wednesday. The company has a market cap of $79.08 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.20 and a beta of 0.83. The firm’s fifty day moving average is $357.48 and its 200 day moving average is $370.61. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. AON has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts forecast that AON will post 17.21 EPS for the current fiscal year.

Institutional Trading of AON

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. purchased a new stake in shares of AON during the first quarter worth approximately $28,000. Saudi Central Bank purchased a new stake in shares of AON during the first quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of AON during the second quarter worth approximately $31,000. Pinnacle Bancorp Inc. increased its stake in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of AON during the second quarter worth approximately $32,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

About AON

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.