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

AON (NYSE:AON) had its price target lowered by investment analysts at Keefe, Bruyette & Woods from $415.00 to $411.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 17.49% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a research report on Wednesday. Barclays lifted their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Finally, TD Cowen upped their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $368.67.

AON Price Performance

Shares of AON traded down $2.63 during mid-day trading on Friday, hitting $349.82. 108,061 shares of the company were exchanged, compared to its average volume of 802,950. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. AON has a 1-year low of $268.06 and a 1-year high of $395.33. The stock has a market cap of $75.65 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a 50 day moving average of $370.51 and a 200-day moving average of $345.85.

Insider Buying and Selling at AON

In related news, 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 transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farallon Capital Management LLC boosted its stake in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after buying an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in AON in the third quarter worth approximately $336,375,000. Veritas Asset Management LLP grew its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares during the last quarter. Finally, Stone Point Capital LLC purchased a new stake in shares of AON during the 2nd quarter worth $151,808,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Company Profile

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.