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

AON (NYSE:AON - Get Free Report) was upgraded by equities researchers at Redburn Atlantic to a "hold" rating in a report released on Tuesday,Zacks.com reports.

AON has been the subject of several other reports. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $386.21.

AON Trading Up 1.0 %

Shares of NYSE AON traded up $4.08 during midday trading on Tuesday, hitting $398.63. 1,311,407 shares of the company traded hands, compared to its average volume of 1,156,776. 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 has a 12-month low of $268.06 and a 12-month high of $412.97. The stock has a 50-day moving average price of $388.72 and a 200 day moving average price of $372.40. The firm has a market cap of $86.10 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92.

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AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts' consensus estimates 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 previous year, the firm posted $3.89 earnings per share. As a group, analysts expect that AON will post 17.21 earnings per share for the current year.

Institutional Investors Weigh In On AON

Hedge funds and other institutional investors have recently made changes to their positions in the business. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of AON in the 4th quarter worth $32,000. Anchor Investment Management LLC raised its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in AON during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

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.