AON (NYSE:AON) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

AON (NYSE:AON) had its target price increased by Wells Fargo & Company from $410.00 to $445.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 20.22% from the stock’s current price.

Several other analysts have also recently commented on the stock. TD Cowen boosted their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, AON has an average rating of “Hold” and a consensus price target of $377.53.

AON Stock Performance

Shares of AON stock traded down $0.00 during midday trading on Monday, hitting $370.15. The company had a trading volume of 153,281 shares, compared to its average volume of 1,064,654. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. AON has a 52-week low of $268.06 and a 52-week high of $395.33. The stock has a market cap of $80.05 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.02 and a beta of 0.93. The company’s 50 day simple moving average is $366.35 and its 200 day simple moving average is $354.50.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 period last year, the company posted $3.89 EPS. Research analysts anticipate that AON will post 17.39 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Trading of AON

Institutional investors have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON during the 3rd quarter worth about $336,375,000. Veritas Asset Management LLP grew its position in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of AON in the 3rd quarter valued at $906,040,000. Finally, Accredited Investors Inc. increased its position in AON by 5,694.5% during the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after buying an additional 238,258 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.