Weiss Ratings Reaffirms "Buy (B-)" Rating for AON (NYSE:AON)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for AON, indicating continued confidence in the stock's performance.
• AON's earnings surpassed analysts' expectations, reporting $3.49 per share compared to the consensus estimate of $3.40, reflecting a 10.5% revenue increase year-over-year.
• Recent analyst ratings reveal a predominantly positive outlook, with one Strong Buy, eleven Buy, and five Hold ratings contributing to a consensus rating of "Moderate Buy" and an average target price of $420.00.

AON (NYSE:AON - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on AON. Morgan Stanley raised shares of AON from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. TD Cowen dropped their target price on shares of AON from $427.00 to $419.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. dropped their price objective on shares of AON from $436.00 to $433.00 and set an "overweight" rating for the company in a report on Thursday, October 9th. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, AON currently has a consensus rating of "Moderate Buy" and an average price target of $420.00.

AON Price Performance

Shares of AON stock traded down $3.77 during trading hours on Friday, reaching $337.58. 841,709 shares of the company's stock were exchanged, compared to its average volume of 1,289,415. AON has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a market capitalization of $72.79 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89. The business has a fifty day moving average of $361.29 and a two-hundred day moving average of $360.34. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON - Get Free Report) last released 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 business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the firm earned $2.93 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts predict that AON will post 17.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. WCM Investment Management LLC lifted its position in shares of AON by 0.3% during the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after purchasing an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of AON by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock worth $11,183,000 after purchasing an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after purchasing an additional 1,544 shares in the last quarter. Ninety One North America Inc. lifted its position in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after purchasing an additional 2,932 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in shares of AON during the second quarter worth about $2,464,000. Institutional investors and hedge funds own 86.14% of the company's stock.

About AON

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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