AON (NYSE:AON) Stock Rating Upgraded by Wells Fargo & Company

AON (NYSE:AON) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm currently has a $410.00 price objective on the financial services provider’s stock, up from their previous price objective of $377.00. Wells Fargo & Company‘s price objective suggests a potential upside of 15.49% from the company’s current price.

AON has been the subject of a number of other research reports. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lowered their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $370.87.

AON Stock Performance

AON opened at $355.02 on Tuesday. The company has a market cap of $76.78 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm’s 50-day moving average price is $369.99 and its 200-day moving average price is $347.42. AON has a 52-week low of $268.06 and a 52-week high of $395.33.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AON

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC increased its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services acquired a new position in AON during the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON in the third quarter valued at $42,000. Eastern Bank purchased a new position in shares of AON in the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC acquired a new position in AON in the second quarter valued at approximately $45,000. Institutional investors and hedge funds 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.