AON (NYSE:AON) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded AON from “sell” to “hold.” Despite the cautious revision, analysts overall maintain a “Moderate Buy” consensus, with an average price target of $412.62.
• AON reported quarterly earnings of $3.81 per share, narrowly exceeding estimates, while revenue reached $4.25 billion and increased 2.2% year over year.
• AON shares opened at $355.94, up 1.8%, with the company valued at approximately $75.5 billion. Institutional investors own 86.14% of the stock, while insiders have recently sold shares.

AON (NYSE:AON - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other brokerages have also issued reports on AON. Morgan Stanley increased their target price on shares of AON from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Roth Capital reiterated a "buy" rating and issued a $420.00 price target on shares of AON in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on AON from $396.00 to $412.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Barclays raised their price objective on AON from $372.00 to $382.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Finally, Citigroup upped their target price on AON from $420.00 to $435.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, AON has a consensus rating of "Moderate Buy" and a consensus target price of $412.62.

AON Stock Up 1.8%

AON opened at $355.94 on Friday. The stock has a fifty day moving average of $353.13 and a 200-day moving average of $333.77. The company has a market capitalization of $75.50 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.80 and a beta of 0.69. AON has a fifty-two week low of $304.59 and a fifty-two week high of $382.34. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the company posted $3.49 earnings per share. AON's revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that AON will post 19.06 EPS for the current year.

Insider Activity at AON

In other news, General Counsel Darren Zeidel sold 1,950 shares of the business's stock in a transaction on Friday, July 17th. The stock was sold at an average price of $372.05, for a total transaction of $725,497.50. Following the completion of the transaction, the general counsel owned 13,404 shares of the company's stock, valued at approximately $4,986,958.20. The trade was a 12.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 4,450 shares of company stock worth $1,659,242. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Watch Advisors INC bought a new position in shares of AON in the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of AON during the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in AON during the 4th quarter worth approximately $29,000. Strive Asset Management LLC acquired a new position in AON during the 3rd quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in AON in the 3rd quarter valued at approximately $37,000. Institutional investors own 86.14% of the company's stock.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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