AON (NYSE:AON) Upgraded by Redburn Atlantic to Hold Rating

AON (NYSE:AON) was upgraded by analysts at Redburn Atlantic to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on AON. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Piper Sandler raised their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

Shares of AON stock opened at $398.67 on Tuesday. The firm has a market capitalization of $86.11 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. AON has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a fifty day moving average of $388.16 and a 200-day moving average of $371.75.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the company earned $3.89 earnings per share. On average, equities research analysts forecast that AON will post 17.21 earnings per share for the current year.

Institutional Trading of AON

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in AON during the fourth quarter worth approximately $596,665,000. Artisan Partners Limited Partnership increased its holdings in shares of AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after acquiring an additional 960,204 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AON by 334.9% in 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 acquiring an additional 808,990 shares during the period. Geode Capital Management LLC lifted its holdings in AON by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after purchasing an additional 627,742 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in AON by 5,877.4% during the fourth quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider’s stock worth $192,572,000 after purchasing an additional 527,204 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.