AON (NYSE:AON) Upgraded to Outperform at Evercore ISI

AON (NYSE:AON) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $420.00 target price on the financial services provider’s stock, up from their previous target price of $407.00. Evercore ISI’s price objective would indicate a potential upside of 19.09% from the stock’s previous close.

A number of other brokerages also recently weighed in on AON. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. TD Cowen lifted their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. 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 note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $368.93.

AON Stock Up 1.2 %

NYSE:AON opened at $352.67 on Wednesday. AON has a twelve month low of $268.06 and a twelve month high of $395.33. The firm has a market capitalization of $76.27 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock’s 50 day moving average price is $370.51 and its two-hundred day moving average price is $345.85.

Insider Transactions at AON

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On AON

A number of large investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. boosted its position in shares of AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 28 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC increased its stake in shares of AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after buying an additional 31 shares in the last quarter. Finally, waypoint wealth counsel boosted its stake in AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after buying an additional 32 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.