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 research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Price Performance

AON stock opened at $398.67 on Tuesday. The company has a market cap of $86.11 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. AON has a one year low of $268.06 and a one year high of $412.97. The business has a fifty day moving average of $388.16 and a two-hundred day moving average of $371.75. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the business earned $3.89 earnings per share. As a group, analysts predict that AON will post 17.21 earnings per share for the current fiscal year.

Institutional Trading of AON

A number of institutional investors and hedge funds have recently made changes to their positions in AON. Norges Bank purchased a new stake in AON during the fourth quarter valued at about $596,665,000. Artisan Partners Limited Partnership grew 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 purchasing an additional 960,204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AON by 334.9% in the third 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 buying an additional 808,990 shares during the period. Geode Capital Management LLC lifted its position in AON by 14.5% during the fourth 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 buying an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP grew its stake 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 buying an additional 527,204 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About AON

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.