AON (NYSE:AON) Upgraded by Wells Fargo & Company to "Overweight" Rating

AON (NYSE:AON - Get Free Report) was upgraded by Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $410.00 target price on the financial services provider's stock, up from their previous target price of $377.00. Wells Fargo & Company's target price indicates a potential upside of 13.08% from the stock's previous close.

Several other analysts also recently issued reports on the company. Jefferies Financial Group increased their price target on AON from $344.00 to $365.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. TD Cowen upped their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Finally, Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $370.87.

AON Trading Up 2.2 %

AON traded up $7.91 during trading on Tuesday, hitting $362.59. 1,077,494 shares of the company's stock were exchanged, compared to its average volume of 999,247. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The stock has a 50 day moving average price of $369.87 and a 200 day moving average price of $347.91. The firm has a market cap of $78.42 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

Insider Transactions at AON

In other news, COO Mindy F. Simon sold 650 shares of the 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 transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company's stock, valued at $3,131,291.36. This 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 made changes to their positions in AON. Anchor Investment Management LLC increased its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of AON during the 3rd quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new stake in shares of AON in the 3rd quarter valued at approximately $42,000. Eastern Bank bought a new position in AON during the third quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC acquired a new stake in AON in the second quarter valued at approximately $45,000. Institutional investors and hedge funds 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.