AON (NYSE:AON) Coverage Initiated at BMO Capital Markets

Equities researchers at BMO Capital Markets began coverage on shares of AON (NYSE:AON – Get Rating) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a “market perform” rating and a $310.00 price target on the financial services provider’s stock. BMO Capital Markets’ price objective points to a potential downside of 4.73% from the company’s current price.

A number of other equities analysts also recently issued reports on AON. Citigroup assumed coverage on shares of AON in a report on Wednesday, December 14th. They issued a “neutral” rating and a $339.00 price objective on the stock. Credit Suisse Group initiated coverage on AON in a report on Friday, January 13th. They issued an “outperform” rating and a $363.00 target price on the stock. MKM Partners upped their price target on AON from $335.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Raymond James downgraded AON from a “market perform” rating to an “underperform” rating in a research note on Monday, October 31st. Finally, Wells Fargo & Company raised their target price on shares of AON from $302.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Monday, October 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $311.70.

AON Price Performance

AON opened at $325.40 on Thursday. The company’s 50-day simple moving average is $304.90 and its two-hundred day simple moving average is $290.07. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $67.31 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.01 and a beta of 0.88. AON has a 52-week low of $246.21 and a 52-week high of $341.98.

AON (NYSE:AON – Get Rating) last released its quarterly earnings results on Friday, October 28th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.01. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.81 billion. AON had a return on equity of 445.81% and a net margin of 22.49%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. As a group, analysts predict that AON will post 13.16 EPS for the current year.

Hedge Funds Weigh In On AON

Several institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in shares of AON by 13.7% in the third quarter. CVA Family Office LLC now owns 290 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 35 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of AON by 0.9% in the 4th quarter. CHICAGO TRUST Co NA now owns 4,100 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 35 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of AON by 18.5% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 237 shares of the financial services provider’s stock valued at $64,000 after buying an additional 37 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of AON by 2.8% in the 4th quarter. Wedmont Private Capital now owns 1,373 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 38 shares during the last quarter. Finally, Mission Wealth Management LP grew its position in AON by 1.0% in the second quarter. Mission Wealth Management LP now owns 3,761 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 86.12% of the company’s stock.

About AON

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Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.