TD Cowen Raises AON (NYSE:AON) Price Target to $432.00

AON (NYSE:AON) had its target price hoisted by analysts at TD Cowen from $413.00 to $432.00 in a report released on Thursday. TD Cowen’s price target points to a potential upside of 20.81% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. Morgan Stanley lowered their target price on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company increased their target price on shares of AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AON has an average rating of “Hold” and an average price target of $349.69.

AON Trading Down 0.2 %

NYSE:AON traded down $0.70 during trading hours on Thursday, hitting $357.59. 487,217 shares of the company were exchanged, compared to its average volume of 1,176,628. The company has a fifty day simple moving average of $347.63 and a 200 day simple moving average of $316.00. AON has a one year low of $268.06 and a one year high of $363.46. The stock has a market capitalization of $77.68 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.31 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. AON’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 earnings per share. Sell-side analysts expect that AON will post 15.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AON. Farallon Capital Management LLC grew its position in 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 period. Meritage Group LP bought a new position in shares of AON during the 1st quarter valued at approximately $258,471,000. Bank of New York Mellon Corp increased its stake in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after purchasing an additional 548,563 shares during the last quarter. Stone Point Capital LLC bought a new stake in shares of AON in the 2nd quarter worth approximately $151,808,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 32.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock valued at $648,663,000 after purchasing an additional 471,424 shares during the period. Hedge funds and other 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.