AON (NYSE:AON) PT Raised to $197.00

AON (NYSE:AON) had its price objective increased by equities research analysts at Morgan Stanley from $182.00 to $197.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 1.07% from the company’s current price.

AON has been the subject of a number of other research reports. Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Wells Fargo & Co set a $33.00 target price on shares of Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 target price for the company. in a research report on Friday, June 14th. Finally, MKM Partners raised shares of AON to a “buy” rating and lifted their target price for the stock from $210.00 to $225.00 in a research report on Monday, June 24th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $182.73.

NYSE:AON opened at $194.91 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09. AON has a 12 month low of $135.30 and a 12 month high of $198.61. The company has a market cap of $46.88 billion, a P/E ratio of 22.96, a PEG ratio of 1.75 and a beta of 0.88. The stock has a 50 day moving average of $192.27.

AON (NYSE:AON) last posted its earnings results on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, hitting analysts’ consensus estimates of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the previous year, the firm posted $2.97 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that AON will post 9.13 earnings per share for the current year.

In other news, General Counsel Peter M. Lieb sold 5,200 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $178.39, for a total transaction of $927,628.00. Following the completion of the sale, the general counsel now owns 16,446 shares of the company’s stock, valued at approximately $2,933,801.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Peter M. Lieb sold 11,645 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $180.69, for a total transaction of $2,104,135.05. Following the sale, the general counsel now directly owns 4,408 shares of the company’s stock, valued at approximately $796,481.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,345 shares of company stock valued at $4,370,513. Insiders own 0.92% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in AON by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 699,150 shares of the financial services provider’s stock valued at $101,623,000 after acquiring an additional 40,993 shares during the last quarter. Stifel Financial Corp boosted its holdings in AON by 25.8% in the fourth quarter. Stifel Financial Corp now owns 13,313 shares of the financial services provider’s stock valued at $1,947,000 after acquiring an additional 2,732 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AON by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 2,880,464 shares of the financial services provider’s stock valued at $417,905,000 after acquiring an additional 266,133 shares during the last quarter. 1832 Asset Management L.P. bought a new position in AON in the fourth quarter valued at about $1,606,000. Finally, Squarepoint Ops LLC bought a new position in AON in the fourth quarter valued at about $7,497,000. 84.72% of the stock is owned by hedge funds and other institutional investors.

About AON

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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