AON (NYSE:AON) received a $190.00 price objective from research analysts at Barclays in a report issued on Monday, TipRanks reports. The firm presently has a “hold” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 1.43% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target on the stock. in a report on Friday, June 14th. Wells Fargo & Co reissued a “hold” rating and issued a $195.00 price target on shares of AON in a report on Friday, July 26th. Morgan Stanley increased their price target on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. MKM Partners raised shares of AON to a “buy” rating and increased their price target for the stock from $210.00 to $225.00 in a report on Monday, June 24th. Finally, UBS Group increased their price target on shares of AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $186.64.
NYSE AON traded down $3.66 during trading on Monday, hitting $187.32. 103,399 shares of the company’s stock traded hands, compared to its average volume of 969,641. The stock has a market capitalization of $44.68 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. AON has a 12-month low of $135.30 and a 12-month high of $198.61. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.72. The business’s 50 day simple moving average is $193.76.
In related news, General Counsel Peter M. Lieb sold 11,645 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $180.69, for a total value of $2,104,135.05. Following the sale, the general counsel now directly owns 4,408 shares of the company’s stock, valued at $796,481.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital Bank & Trust Co boosted its holdings in AON by 4.6% in the second quarter. Capital Bank & Trust Co now owns 517,574 shares of the financial services provider’s stock valued at $99,860,000 after acquiring an additional 22,793 shares in the last quarter. Viking Global Investors LP boosted its holdings in AON by 30.2% in the second quarter. Viking Global Investors LP now owns 851,778 shares of the financial services provider’s stock valued at $164,376,000 after acquiring an additional 197,554 shares in the last quarter. Assetmark Inc. boosted its holdings in AON by 153.9% in the second quarter. Assetmark Inc. now owns 2,123 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 1,287 shares in the last quarter. Circle Wealth Management LLC bought a new stake in AON in the second quarter valued at $367,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in AON by 3.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 35,078 shares of the financial services provider’s stock valued at $6,769,000 after acquiring an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.
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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