AON (NYSE:AON) Price Target Lowered to $411.00 at Keefe, Bruyette & Woods

AON (NYSE:AON) had its target price reduced by stock analysts at Keefe, Bruyette & Woods from $415.00 to $411.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 17.49% from the company’s previous close.

Several other equities analysts have also commented on AON. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. TD Cowen upped their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Barclays lifted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, AON currently has an average rating of “Hold” and a consensus target price of $368.67.

AON Trading Down 0.7 %

AON stock traded down $2.63 during mid-day trading on Friday, reaching $349.82. The company had a trading volume of 108,061 shares, compared to its average volume of 802,950. The company has a market capitalization of $75.65 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The firm has a 50 day moving average of $370.51 and a 200 day moving average of $345.85. AON has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of AON

A number of hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd acquired a new position in AON in the second quarter valued at approximately $31,000. Anchor Investment Management LLC boosted its holdings in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services acquired a new stake in AON during the third quarter valued at $37,000. RPg Family Wealth Advisory LLC acquired a new position in shares of AON in the third quarter worth about $42,000. Finally, Eastern Bank purchased a new stake in shares of AON during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.