AON (NYSE:AON) Upgraded by Mizuho to Hold Rating

AON (NYSE:AON) was upgraded by analysts at Mizuho to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also weighed in on AON. Roth Capital restated a “buy” rating and set a $390.00 price target on shares of AON in a research report on Tuesday, November 4th. Barclays restated an “equal weight” rating and set a $379.00 target price (down previously from $420.00) on shares of AON in a report on Thursday, November 20th. Keefe, Bruyette & Woods decreased their price target on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a report on Monday. Finally, Wells Fargo & Company lowered their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $413.18.

AON Stock Performance

NYSE:AON opened at $352.27 on Monday. The firm’s fifty day simple moving average is $346.68 and its 200 day simple moving average is $355.99. AON has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. The stock has a market cap of $75.71 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 2.02 and a beta of 0.84.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. AON’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.72 earnings per share. As a group, research analysts predict that AON will post 17.21 EPS for the current year.

Institutional Trading of AON

A number of large investors have recently made changes to their positions in the stock. Dodge & Cox purchased a new position in shares of AON during the third quarter valued at approximately $1,235,437,000. Norges Bank bought a new position in shares of AON during the 2nd quarter valued at $754,671,000. Viking Global Investors LP purchased a new position in shares of AON in the 3rd quarter worth $504,424,000. Balyasny Asset Management L.P. grew its holdings in shares of AON by 40,219.8% in the third quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after acquiring an additional 844,615 shares during the period. Finally, Independent Franchise Partners LLP increased its position in AON by 41.6% during the third quarter. Independent Franchise Partners LLP now owns 2,096,486 shares of the financial services provider’s stock valued at $747,565,000 after acquiring an additional 615,570 shares during the last quarter. 86.14% of the stock is currently owned by 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.