AON (NYSE:AON) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

AON (NYSE:AON) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $400.00 to $412.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 17.41% from the company’s current price.

A number of other equities analysts have also commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research note on Friday, July 17th. Piper Sandler increased their target price on shares of AON from $377.00 to $391.00 and gave the company a “neutral” rating in a research note on Thursday. Cantor Fitzgerald upped their price target on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Morgan Stanley lifted their price objective on AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Citigroup raised their target price on AON from $420.00 to $435.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.75.

AON Price Performance

NYSE AON opened at $350.92 on Tuesday. AON has a 1 year low of $304.59 and a 1 year high of $382.34. The stock’s 50-day moving average price is $341.89 and its two-hundred day moving average price is $332.04. The company has a market cap of $74.44 billion, a PE ratio of 19.48, a PEG ratio of 1.86 and a beta of 0.71. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34.

AON (NYSE:AON) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $3.49 earnings per share. On average, analysts predict that AON will post 19.09 EPS for the current year.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the completion of the transaction, the general counsel directly owned 11,504 shares of the company’s stock, valued at $4,345,751.04. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of AON

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dodge & Cox increased its stake in shares of AON by 126.6% during the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock worth $2,770,975,000 after purchasing an additional 4,387,773 shares during the period. Norges Bank bought a new position in AON during the 4th quarter worth $1,155,981,000. Viking Global Investors LP acquired a new stake in shares of AON during the third quarter worth $504,424,000. Balyasny Asset Management L.P. grew its stake in shares of AON by 40,219.8% in the third quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock valued at $301,922,000 after acquiring an additional 844,615 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new position in AON during the fourth quarter worth about $229,372,000. Institutional investors own 86.14% of the company’s stock.

Key Headlines Impacting AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: Higher analyst price target: Mizuho raised its target on AON from $426 to $437 and maintained an “outperform” rating, implying approximately 22% upside from the referenced price. Benzinga analyst price target report
• Positive Sentiment: Strong longer-term earnings expectations: Dowling & Partners expects Aon to earn $23.00 per share in fiscal 2028, well above the current-year consensus estimate of $19.09. The forecast supports a bullish view of the company’s longer-term earnings growth.
• Positive Sentiment: Institutional endorsement: Goldman Sachs reportedly added Aon to its August conviction list of preferred financial stocks, potentially increasing investor attention and confidence. Goldman Sachs conviction list report
• Positive Sentiment: Expansion and product development: Aon appointed Stephen as chief executive officer for Indonesia, strengthening regional leadership, and launched Future DB, a solution intended to help defined-benefit pension schemes manage their endgame journeys. These moves could support growth in Asia and pension-advisory services. Aon appoints CEO for Indonesia Aon launches Future DB
• Neutral Sentiment: Aon promoted Murray to global chief commercial officer for Captive & Insurance Management. The appointment may improve execution, although no immediate financial impact was announced. Aon promotes Murray
• Neutral Sentiment: Recent commentary highlighted hybrid mergers-and-acquisitions strategies among insurers and persistent risks facing corporate leaders. The reports provide industry context but no specific near-term earnings change for Aon. Hybrid M&A strategies report

AON Company Profile

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.