Atlantic Securities cut shares of AON (NYSE:AON) from an overweight rating to a neutral rating in a report released on Friday, Benzinga reports. They currently have $190.00 price target on the financial services provider’s stock.

A number of other research firms have also issued reports on AON. Morgan Stanley upped their price target on AON from $169.00 to $182.00 and gave the company an equal weight rating in a research report on Wednesday, May 15th. Wells Fargo & Co restated a hold rating and issued a $173.00 price target on shares of AON in a research report on Friday, April 26th. Barclays upped their price target on AON from $155.00 to $182.00 and gave the company an equal weight rating in a research report on Wednesday, May 22nd. Finally, ValuEngine upgraded AON from a hold rating to a buy rating in a research report on Friday, March 15th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $177.09.

NYSE:AON opened at $190.76 on Friday. AON has a 12 month low of $134.82 and a 12 month high of $192.79. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.23. The company has a market cap of $45.88 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.75 and a beta of 0.88.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.31. AON had a return on equity of 46.15% and a net margin of 11.08%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period in the previous year, the business earned $2.97 EPS. AON’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that AON will post 9.14 earnings per share for the current year.

In other AON news, insider Eric Andersen sold 7,500 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the transaction, the insider now directly owns 80,941 shares in the company, valued at $14,447,968.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter M. Lieb sold 11,645 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $180.69, for a total value of $2,104,135.05. Following the transaction, the general counsel now owns 4,408 shares in the company, valued at $796,481.52. The disclosure for this sale can be found here. Insiders sold 24,345 shares of company stock worth $4,370,513 over the last quarter. 0.92% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in AON. Nuveen Asset Management LLC lifted its holdings in shares of AON by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 125 shares in the last quarter. Ronna Sue Cohen lifted its holdings in shares of AON by 17,002.4% during the 1st quarter. Ronna Sue Cohen now owns 831,346 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 826,485 shares in the last quarter. Resources Investment Advisors Inc. acquired a new position in shares of AON during the 4th quarter valued at $78,000. Parametric Portfolio Associates LLC lifted its holdings in shares of AON by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 593,399 shares of the financial services provider’s stock valued at $101,293,000 after acquiring an additional 12,678 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of AON during the 4th quarter valued at $1,180,000. Institutional investors own 84.99% of the company’s stock.

About AON

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Analyst Recommendations for AON (NYSE:AON)

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