Aon plc (NYSE:AON) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Aon plc (NYSE:AON) has earned an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $411.3529.

Several equities research analysts have recently weighed in on the stock. TD Cowen dropped their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Barclays lifted their target price on AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research report on Thursday. Mizuho initiated coverage on AON in a research note on Monday, December 15th. They set a “neutral” rating and a $389.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of AON from $433.00 to $406.00 and set an “overweight” rating for the company in a research note on Wednesday.

AON Price Performance

AON stock opened at $350.95 on Monday. The company has a market capitalization of $75.43 billion, a PE ratio of 28.12, a P/E/G ratio of 1.79 and a beta of 0.84. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. The stock’s 50 day moving average is $349.43 and its two-hundred day moving average is $355.27. AON has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 earnings per share. Analysts predict that AON will post 17.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AON

A number of hedge funds and other institutional investors have recently bought and sold shares of AON. Westside Investment Management Inc. raised its position in shares of AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares during the period. Wealth Watch Advisors INC acquired a new stake in AON in the third quarter worth $25,000. Heartwood Wealth Advisors LLC bought a new stake in AON in the third quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of AON during the second quarter valued at $31,000. Finally, Salomon & Ludwin LLC bought a new position in shares of AON during the third quarter worth about $31,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.