AON (NYSE:AON) Given New $326.00 Price Target at Piper Sandler

AON (NYSE:AONGet Free Report) had its price target boosted by investment analysts at Piper Sandler from $306.00 to $326.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 4.78% from the stock’s previous close.

AON has been the topic of several other research reports. UBS Group reduced their target price on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. raised shares of AON from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $351.00 to $321.00 in a report on Monday, January 8th. TD Cowen assumed coverage on shares of AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target on the stock. Royal Bank of Canada cut their price target on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday, February 5th. Finally, Keefe, Bruyette & Woods lowered shares of AON from a “market perform” rating to an “underperform” rating and set a $328.00 price target on the stock. in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $336.36.

Get Our Latest Analysis on AON

AON Price Performance

Shares of NYSE:AON traded down $1.42 during trading on Monday, reaching $311.14. The company had a trading volume of 187,130 shares, compared to its average volume of 1,207,115. The company has a current ratio of 1.27, a quick ratio of 1.41 and a debt-to-equity ratio of 61.66. AON has a 12 month low of $280.89 and a 12 month high of $347.37. The company has a fifty day moving average of $303.52 and a two-hundred day moving average of $318.32. The stock has a market capitalization of $62.30 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86.

AON (NYSE:AONGet Free Report) last released its earnings results on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the business posted $3.89 EPS. AON’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that AON will post 15.93 earnings per share for the current year.

Insider Activity at AON

In other news, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was acquired at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Act Two Investors LLC purchased a new position in AON in the fourth quarter worth about $471,000. Intech Investment Management LLC grew its stake in shares of AON by 65.7% in the fourth quarter. Intech Investment Management LLC now owns 66,486 shares of the financial services provider’s stock worth $19,349,000 after acquiring an additional 26,355 shares during the period. Johnson Financial Group Inc. grew its stake in shares of AON by 50.9% in the fourth quarter. Johnson Financial Group Inc. now owns 335 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 113 shares during the period. Founders Financial Alliance LLC bought a new stake in shares of AON in the fourth quarter worth approximately $629,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of AON by 1.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,375 shares of the financial services provider’s stock worth $19,898,000 after acquiring an additional 1,243 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

About AON

(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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