AON (NYSE:AON) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• AON has received a "buy (B-)" rating from Weiss Ratings, indicating a positive outlook from analysts.
• Multiple analysts have updated their price targets for AON, with an average target of $415.69 and suggestions ranging from $419.00 to $448.00.
• AON's recent earnings report showed a positive net margin of 15.54% and a year-over-year revenue growth of 10.5%, reporting $4.16 billion in revenue.

AON (NYSE:AON - Get Free Report)'s stock had its "buy (b-)" rating reissued by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and lifted their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. TD Cowen reduced their target price on AON from $427.00 to $419.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Barclays restated an "overweight" rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a report on Thursday, July 31st. Wells Fargo & Company decreased their price objective on shares of AON from $451.00 to $448.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Piper Sandler raised their target price on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AON has a consensus rating of "Moderate Buy" and an average price target of $415.69.

AON Trading Down 0.4%

NYSE:AON traded down $1.57 on Wednesday, reaching $365.36. The stock had a trading volume of 987,898 shares, compared to its average volume of 1,303,261. The company has a market cap of $78.78 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.17 and a beta of 0.89. AON has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm's fifty day moving average is $363.98 and its two-hundred day moving average is $363.47.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business earned $2.93 earnings per share. AON's revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that AON will post 17.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Hilltop National Bank lifted its stake in AON by 23.7% during the third quarter. Hilltop National Bank now owns 803 shares of the financial services provider's stock worth $286,000 after purchasing an additional 154 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of AON by 3.7% in the 3rd quarter. Fiduciary Alliance LLC now owns 4,731 shares of the financial services provider's stock valued at $1,687,000 after buying an additional 168 shares during the period. Kwmg LLC grew its position in shares of AON by 2.7% during the 3rd quarter. Kwmg LLC now owns 18,989 shares of the financial services provider's stock valued at $6,771,000 after buying an additional 501 shares during the last quarter. Czech National Bank lifted its holdings in AON by 3.8% in the third quarter. Czech National Bank now owns 54,765 shares of the financial services provider's stock worth $19,528,000 after acquiring an additional 1,982 shares during the last quarter. Finally, Heritage Family Offices LLP grew its holdings in shares of AON by 1.5% during the third quarter. Heritage Family Offices LLP now owns 2,308 shares of the financial services provider's stock valued at $823,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Company Profile

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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