Cantor Fitzgerald Issues Positive Forecast for AON (NYSE:AON) Stock Price

Key Points

• Cantor Fitzgerald raised AON’s price target from $400 to $410 and maintained an “overweight” rating, implying 27.43% potential upside from the reported $321.75 share price.
• Analyst sentiment is mixed: 12 analysts rate AON a Buy, seven Hold and three Sell, resulting in a consensus “Hold” rating and an average price target of $368.18.
• AON exceeded quarterly expectations, reporting $3.36 EPS versus the $3.30 consensus and $4.10 billion in revenue, up 2.6% year over year.

AON (NYSE:AON - Get Free Report) had its price target raised by research analysts at Cantor Fitzgerald from $400.00 to $410.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Cantor Fitzgerald's price target points to a potential upside of 27.43% from the company's current price.

AON has been the subject of several other research reports. Evercore lowered their price objective on AON from $423.00 to $375.00 in a research report on Thursday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of AON from $412.00 to $362.00 and set an "overweight" rating on the stock in a report on Thursday, October 1st. Citigroup began coverage on shares of AON in a research note on Monday, September 21st. They set a "buy" rating and a $435.00 target price for the company. Bank of America raised their target price on AON from $298.00 to $327.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 15th. Finally, Roth Capital set a $380.00 target price on AON and gave the stock a "buy" rating in a report on Tuesday, September 1st. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, AON currently has a consensus rating of "Hold" and an average price target of $368.18.

AON Price Performance

Shares of AON stock opened at $321.75 on Monday. The firm has a market capitalization of $68.26 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.63. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 2.58. AON has a 12 month low of $266.33 and a 12 month high of $382.34. The business's 50-day moving average price is $302.17 and its 200-day moving average price is $326.08.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.06. AON had a return on equity of 40.46% and a net margin of 22.24%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm earned $3.05 earnings per share. AON's revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts forecast that AON will post 18.55 EPS for the current fiscal year.

Insider Transactions at AON

In related news, Director Lester Knight purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the transaction, the director directly owned 163,000 shares in the company, valued at $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Downshift Financial LLC boosted its stake in shares of AON by 15,700.0% during the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider's stock worth $44,000 after purchasing an additional 157 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in AON in the 1st quarter worth about $61,000. Ashurst Perkins Coie Trust Co purchased a new stake in AON in the 3rd quarter worth about $60,000. Elevation Wealth Partners LLC lifted its stake in AON by 35.6% in the second quarter. Elevation Wealth Partners LLC now owns 221 shares of the financial services provider's stock worth $73,000 after purchasing an additional 58 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its stake in AON by 25.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 235 shares of the financial services provider's stock worth $76,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon's human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.

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