AON (NYSE:AON) Upgraded at The Goldman Sachs Group

AON (NYSE:AON - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $408.00 price target on the financial services provider's stock. The Goldman Sachs Group's price objective indicates a potential upside of 12.68% from the company's previous close.

Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group upped their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of "Hold" and an average target price of $391.75.

AON Price Performance

AON stock traded up $3.51 on Tuesday, reaching $362.10. The company had a trading volume of 1,096,937 shares, compared to its average volume of 1,208,604. The company's fifty day moving average is $373.75 and its 200 day moving average is $375.13. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $78.19 billion, a P/E ratio of 28.60, a PEG ratio of 2.12 and a beta of 0.89. AON has a 1 year low of $275.07 and a 1 year high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.66 earnings per share. On average, research analysts forecast that AON will post 17.21 earnings per share for the current year.

Hedge Funds Weigh In On AON

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP boosted its position in AON by 39.8% in the 1st quarter. Woodline Partners LP now owns 336,515 shares of the financial services provider's stock valued at $134,300,000 after buying an additional 95,758 shares during the last quarter. MBB Public Markets I LLC purchased a new position in AON in the 1st quarter valued at about $323,000. Ascent Group LLC boosted its position in AON by 40.5% in the 1st quarter. Ascent Group LLC now owns 8,034 shares of the financial services provider's stock valued at $3,206,000 after buying an additional 2,316 shares during the last quarter. United Services Automobile Association purchased a new position in AON in the 1st quarter valued at about $2,026,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in AON by 10.1% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,061 shares of the financial services provider's stock valued at $1,621,000 after buying an additional 374 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.