AON (NYSE:AON) Given New $438.00 Price Target at Wells Fargo & Company

AON (NYSE:AON - Free Report) had its target price raised by Wells Fargo & Company from $436.00 to $438.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Several other equities analysts have also recently issued reports on the stock. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI lowered their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, AON has an average rating of "Hold" and an average price target of $403.00.

AON Trading Down 0.9%

AON stock traded down $3.15 during mid-day trading on Thursday, reaching $355.85. 857,226 shares of the company traded hands, compared to its average volume of 1,165,564. 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 firm's 50 day moving average price is $358.20 and its 200 day moving average price is $370.64. The firm has a market capitalization of $76.84 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.13 and a beta of 0.84. AON has a 52-week low of $294.01 and a 52-week high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data 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 for 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 firm's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.66 earnings per share. On average, analysts anticipate 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 bought and sold shares of the business. Portside Wealth Group LLC boosted its position in AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after purchasing an additional 9,302 shares in the last quarter. Aviva PLC lifted its position in shares of AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after buying an additional 40,850 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after buying 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 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock valued at $11,183,000 after buying an additional 1,489 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after purchasing an additional 1,544 shares in the last quarter. 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.