Barclays Issues Pessimistic Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON - Get Free Report) had its price objective lowered by stock analysts at Barclays from $415.00 to $401.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Barclays's price target would indicate a potential upside of 13.84% from the stock's current price.

AON has been the topic of a number of other reports. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group raised 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. JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $396.33.

AON Trading Down 0.7%

Shares of AON stock traded down $2.51 during trading hours on Monday, hitting $352.25. The company had a trading volume of 489,419 shares, compared to its average volume of 1,159,298. The stock has a market capitalization of $76.06 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. AON has a fifty-two week low of $292.45 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The company's fifty day moving average is $357.74 and its 200 day moving average is $370.89.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The company's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $5.66 earnings per share. Research analysts expect that AON will post 17.21 earnings per share for the current fiscal year.

Institutional Trading of AON

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. bought a new position in AON during the first quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in shares of AON in the first quarter worth $31,000. Millstone Evans Group LLC purchased a new position in AON in the fourth quarter worth about $32,000. HHM Wealth Advisors LLC lifted its stake in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the period. Finally, Tsfg LLC bought a new position in shares of AON in the 1st quarter worth approximately $37,000. 86.14% of the stock is currently 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.

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