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AON (NYSE:AON) Coverage Initiated at Citigroup

AON logo with Finance background

Key Points

  • Citigroup has initiated coverage on AON with a "neutral" rating and a price target of $402.00, indicating a potential upside of 10.39% from its previous close.
  • Other analysts have recently upgraded AON, with Jefferies setting a price target of $426.00 and Goldman Sachs setting it at $408.00, reflecting strong analyst interest in the stock.
  • AON's recent quarterly earnings showed a 10.5% year-over-year revenue increase, reporting $3.49 EPS, beating consensus estimates by $0.09.
  • Need better tools to track AON? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Equities research analysts at Citigroup began coverage on shares of AON (NYSE:AON - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a "neutral" rating and a $402.00 price target on the financial services provider's stock. Citigroup's price objective suggests a potential upside of 10.39% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and upped their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a report on Tuesday, May 13th. Cantor Fitzgerald assumed coverage on shares of AON in a report on Tuesday. They set an "overweight" rating and a $440.00 price target for the company. Evercore ISI upped their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $410.69.

Get Our Latest Stock Analysis on AON

AON Price Performance

NYSE AON opened at $364.17 on Wednesday. The business's fifty day moving average is $357.60 and its two-hundred day moving average is $370.68. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. AON has a 1 year low of $323.73 and a 1 year high of $412.97. The stock has a market capitalization of $78.53 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.18 and a beta of 0.83.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 EPS. On average, research analysts forecast that AON will post 17.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AON

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its position in AON by 43.8% in the second quarter. Quadrant Capital Group LLC now owns 6,666 shares of the financial services provider's stock valued at $2,378,000 after acquiring an additional 2,032 shares during the period. Vinva Investment Management Ltd lifted its holdings in shares of AON by 10.1% during the second quarter. Vinva Investment Management Ltd now owns 7,821 shares of the financial services provider's stock valued at $2,759,000 after acquiring an additional 719 shares during the period. Employees Retirement System of Texas lifted its holdings in shares of AON by 88.1% during the second quarter. Employees Retirement System of Texas now owns 20,174 shares of the financial services provider's stock valued at $7,197,000 after acquiring an additional 9,448 shares during the period. Choreo LLC lifted its holdings in shares of AON by 13.1% during the second quarter. Choreo LLC now owns 7,490 shares of the financial services provider's stock valued at $2,672,000 after acquiring an additional 870 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of AON during the second quarter worth approximately $928,000. Institutional investors own 86.14% of the company's stock.

AON Company Profile

(Get Free Report)

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.

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Analyst Recommendations for AON (NYSE:AON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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