AON (NYSE:AON) Price Target Cut to $400.00 by Analysts at Keefe, Bruyette & Woods

AON (NYSE:AON) had its price objective decreased by stock analysts at Keefe, Bruyette & Woods from $404.00 to $400.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.22% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Wells Fargo & Company cut their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. TD Cowen reissued a “buy” rating on shares of AON in a research report on Monday, March 16th. Barclays raised their price objective on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Mizuho reduced their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.12.

AON Stock Performance

AON stock opened at $359.64 on Wednesday. AON has a 1-year low of $304.59 and a 1-year high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm has a market cap of $76.81 billion, a PE ratio of 19.74, a P/E/G ratio of 1.88 and a beta of 0.71. The business’s 50-day moving average price is $325.06 and its two-hundred day moving average price is $330.70.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.67 earnings per share. As a group, research analysts forecast that AON will post 19.09 earnings per share for the current year.

Hedge Funds Weigh In On AON

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Watch Advisors INC bought a new stake in AON during the third quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of AON in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of AON in the 4th quarter valued at about $29,000. Eagle Bay Advisors LLC acquired a new position in AON during the fourth quarter worth approximately $30,000. Finally, Strive Asset Management LLC bought a new position in shares of AON during the 3rd quarter worth approximately $35,000. 86.14% of the stock is owned by institutional investors.

AON Company Profile

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.