AON (NYSE:AON) Price Target Raised to $440.00

AON (NYSE:AON) had its target price raised by analysts at Barclays from $394.00 to $440.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 15.77% from the stock’s current price.

A number of other analysts have also weighed in on AON. Keefe, Bruyette & Woods raised their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler boosted their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Finally, Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $362.06.

AON Price Performance

AON stock opened at $380.08 on Thursday. AON has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $82.20 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2.38 and a beta of 0.91. The firm has a 50 day moving average price of $360.99 and a 200-day moving average price of $326.26.

Institutional Trading of AON

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farallon Capital Management LLC raised its position in shares of AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in AON during the third quarter valued at $336,375,000. Veritas Asset Management LLP increased its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.