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

AON (NYSE:AON - Get Free Report) was upgraded by investment analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a research note issued on Wednesday, MarketBeat 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 target suggests a potential upside of 19.09% from the stock's previous close.

Several other analysts have also recently commented on AON. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Wells Fargo & Company raised shares of AON from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AON currently has an average rating of "Hold" and a consensus target price of $365.25.

AON Price Performance

Shares of AON traded up $4.23 during trading hours on Wednesday, reaching $352.67. 1,481,368 shares of the company traded hands, compared to its average volume of 954,694. The stock has a market capitalization of $76.27 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The stock has a fifty day simple moving average of $371.12 and a 200 day simple moving average of $345.75. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

Insider Transactions at AON

In other news, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of AON 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On AON

A number of hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd acquired a new position in AON in the second quarter worth about $31,000. Anchor Investment Management LLC grew its position in shares of 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 acquiring an additional 93 shares in the last quarter. First Personal Financial Services bought a new stake in shares of AON in the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON during the 3rd quarter valued at approximately $42,000. Finally, Eastern Bank bought a new position in AON during the third quarter worth $43,000. Institutional investors and hedge funds own 86.14% of the company's stock.

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.