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

AON (NYSE:AON)‘s stock had its “buy (b-)” rating restated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on the stock. Wolfe Research initiated coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Citigroup began coverage on AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. Evercore ISI raised their price objective on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and increased their price objective for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $420.00.

AON Trading Down 1.3%

Shares of AON opened at $360.52 on Wednesday. The stock has a fifty day moving average price of $364.28 and a two-hundred day moving average price of $363.26. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. AON has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a market cap of $77.74 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts predict that AON will post 17.21 EPS for the current fiscal year.

Hedge Funds Weigh In On AON

Several institutional investors and hedge funds have recently modified their holdings of AON. Polen Capital Management LLC grew its position in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after purchasing an additional 2,288,397 shares in the last quarter. Norges Bank bought a new position in shares of AON in the second quarter worth about $754,671,000. Nuveen LLC acquired a new stake in AON in the first quarter valued at approximately $505,108,000. Wellington Management Group LLP bought a new stake in AON during the 1st quarter worth $490,634,000. Finally, Vanguard Group Inc. increased its stake in shares of AON by 2.6% in the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after buying an additional 511,292 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.