Piper Sandler Forecasts Strong Price Appreciation for AON (NYSE:AON) Stock

AON (NYSE:AON) had its price target increased by equities research analysts at Piper Sandler from $372.00 to $384.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target suggests a potential upside of 1.60% from the company’s previous close.

Several other equities analysts also recently commented on AON. Keefe, Bruyette & Woods cut their price objective on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada raised their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $380.80.

AON Stock Up 0.8 %

Shares of AON opened at $377.95 on Monday. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a market cap of $81.74 billion, a PE ratio of 29.85, a P/E/G ratio of 2.02 and a beta of 0.93. The business has a fifty day moving average of $366.06 and a 200 day moving average of $355.03.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $3.89 EPS. On average, sell-side analysts expect that AON will post 17.39 EPS for the current year.

Insider Transactions at AON

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AON. Lake Street Advisors Group LLC increased its holdings in AON by 2.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,110 shares of the financial services provider’s stock worth $758,000 after buying an additional 50 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of AON by 30.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 7,558 shares of the financial services provider’s stock worth $2,715,000 after acquiring an additional 1,754 shares during the period. Amalgamated Bank raised its holdings in shares of AON by 2.8% during the fourth quarter. Amalgamated Bank now owns 42,992 shares of the financial services provider’s stock worth $15,441,000 after purchasing an additional 1,155 shares during the last quarter. Bank of New York Mellon Corp lifted its position in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after purchasing an additional 343,592 shares during the period. Finally, Pine Valley Investments Ltd Liability Co grew its position in AON by 17.6% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 11,873 shares of the financial services provider’s stock worth $4,264,000 after purchasing an additional 1,780 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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.