UBS Group Issues Pessimistic Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its price objective cut by research analysts at UBS Group from $385.00 to $360.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective points to a potential upside of 8.63% from the stock’s previous close.

A number of other analysts have also recently commented on AON. Wells Fargo & Company cut their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. Citigroup raised their target price on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley reduced their price target on AON from $380.00 to $370.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. dropped their price objective on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, AON has an average rating of “Moderate Buy” and an average target price of $394.94.

AON Stock Performance

AON opened at $331.41 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The business’s 50-day simple moving average is $322.82 and its 200 day simple moving average is $332.44. The firm has a market capitalization of $70.78 billion, a PE ratio of 18.00, a PEG ratio of 1.76 and a beta of 0.71. AON has a 52-week low of $304.59 and a 52-week high of $381.00.

AON (NYSE:AON) last posted its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the firm earned $5.67 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that AON will post 19.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AON

A number of institutional investors have recently made changes to their positions in AON. Wealth Watch Advisors INC acquired a new stake in AON during the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in AON in the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. bought a new position in AON during the 4th quarter worth $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth $30,000. Finally, Strive Asset Management LLC bought a new stake in shares of AON in the third quarter valued at about $35,000. Institutional investors own 86.14% of the company’s stock.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.