AON (NYSE:AON) Given New $398.00 Price Target at Mizuho

AON (NYSE:AON) had its price target dropped by stock analysts at Mizuho from $437.00 to $398.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price objective suggests a potential upside of 22.48% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of AON from $400.00 to $412.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of AON from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group reissued a “neutral” rating on shares of AON in a research report on Monday. Weiss Ratings upgraded AON from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, Piper Sandler reiterated a “neutral” rating and set a $349.00 price objective on shares of AON in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and an average target price of $402.06.

AON Stock Up 1.1%

Shares of NYSE AON traded up $3.44 during mid-day trading on Tuesday, hitting $324.96. 698,384 shares of the stock traded hands, compared to its average volume of 1,422,893. The company has a market cap of $68.93 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.83 and a beta of 0.69. The stock has a fifty day moving average price of $353.25 and a 200-day moving average price of $333.95. AON has a 52 week low of $304.59 and a 52 week high of $382.34. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

AON (NYSE:AON) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company earned $3.49 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts anticipate that AON will post 19.06 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the completion of the sale, the general counsel owned 11,504 shares of the company’s stock, valued at $4,345,751.04. This represents a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 4,450 shares of company stock worth $1,659,242 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AON. City National Bank of Florida MSD grew its position in shares of AON by 3.8% during the 4th quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 32 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in AON by 5.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 33 shares in the last quarter. CENTRAL TRUST Co grew its holdings in AON by 2.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,341 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 34 shares during the period. Larson Financial Group LLC increased its position in AON by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 9,584 shares of the financial services provider’s stock worth $3,382,000 after buying an additional 34 shares in the last quarter. Finally, Aspen Grove Capital LLC raised its stake in shares of AON by 4.8% in the first quarter. Aspen Grove Capital LLC now owns 737 shares of the financial services provider’s stock worth $238,000 after buying an additional 34 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Key Stories Impacting AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: The acquisition would significantly expand Aon’s presence in the U.S. middle-market insurance sector, adding USI’s risk management, employee benefits and retirement-plan businesses. USI generates approximately $3 billion in annual revenue. Aon to acquire USI to establish the premier U.S. middle-market platform
• Positive Sentiment: Aon expects revenue and cost synergies to produce approximately $395 million in annual run-rate net adjusted EBITDA and says the deal should become accretive to adjusted earnings per share in 2028. USI also increases Aon’s exposure to the fast-growing excess and surplus insurance market. Aon CEO discusses USI acquisition
• Neutral Sentiment: USI Chairman and CEO Mike Sicard is expected to become Aon’s president and global CEO of Middle Market after the transaction closes, which is anticipated in the fourth quarter pending regulatory approvals. Aon to Buy USI Insurance in $17 Billion Deal
• Negative Sentiment: The purchase will be financed with new debt, raising concerns about leverage, execution risk and whether the $17 billion price is justified before synergies are delivered. Reports noted that Aon’s shares declined sharply following the announcement. Aon falls on USI acquisition
• Positive Sentiment: Cantor Fitzgerald lowered its AON price target from $445 to $433 but maintained an “overweight” rating, implying substantial upside and signaling continued confidence in Aon’s long-term prospects. Cantor Fitzgerald AON price target

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.