AON (NYSE:AON) Price Target Raised to $394.00

AON (NYSE:AON - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $379.00 to $394.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 11.31% from the stock's previous close.

Other equities analysts have also issued reports about the company. Jefferies Financial Group upped their target price on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods raised their target price on shares of AON from $385.00 to $415.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Bank of America boosted their price target on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Barclays raised their price objective on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Finally, TD Cowen increased their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $363.00.

AON Price Performance

NYSE:AON traded down $1.00 during trading hours on Friday, hitting $353.98. The stock had a trading volume of 925,442 shares, compared to its average volume of 704,721. The firm has a market capitalization of $76.55 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 2.27 and a beta of 0.93. AON has a one year low of $268.06 and a one year high of $395.33. The company has a 50 day simple moving average of $372.46 and a two-hundred day simple moving average of $344.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

Insider Buying and Selling

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 stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company's stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Valley Wealth Managers Inc. raised its holdings in shares of AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock worth $307,000 after buying an additional 28 shares during the last quarter. CVA Family Office LLC increased its position 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 acquiring an additional 29 shares during the period. Amplius Wealth Advisors LLC lifted its position in AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock worth $460,000 after acquiring an additional 31 shares during the period. Intellectus Partners LLC grew its stake in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock valued at $343,000 after purchasing an additional 31 shares during the last quarter. Finally, waypoint wealth counsel increased its holdings in shares of 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 purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

About AON

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.