JPMorgan Chase & Co. Cuts AON (NYSE:AON) Price Target to $406.00

AON (NYSE:AON) had its price target cut by analysts at JPMorgan Chase & Co. from $433.00 to $406.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.20% from the stock’s previous close.

AON has been the subject of several other research reports. Barclays restated an “equal weight” rating and issued a $379.00 price target (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. Keefe, Bruyette & Woods upped their target price on shares of AON from $410.00 to $416.00 and gave the company an “outperform” rating in a research note on Tuesday. Roth Capital reiterated a “buy” rating and issued a $390.00 price target on shares of AON in a research note on Tuesday, November 4th. Evercore ISI restated an “outperform” rating and set a $436.00 price objective on shares of AON in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $412.00.

AON Stock Down 0.9%

AON stock traded down $3.25 during trading hours on Wednesday, hitting $346.42. The stock had a trading volume of 90,193 shares, compared to its average volume of 659,942. The stock’s 50-day moving average price is $348.27 and its 200-day moving average price is $355.39. The stock has a market capitalization of $74.46 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.79 and a beta of 0.84. AON has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.72 earnings per share. Equities research analysts anticipate that AON will post 17.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in AON by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after acquiring an additional 511,292 shares during the period. State Street Corp lifted its stake in shares of AON by 1.2% during the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after buying an additional 105,154 shares in the last quarter. Geode Capital Management LLC increased its stake in AON by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after buying an additional 173,722 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AON by 5.9% during the third quarter. Bank of New York Mellon Corp now owns 3,715,346 shares of the financial services provider’s stock valued at $1,324,818,000 after acquiring an additional 207,690 shares during the period. Finally, Dodge & Cox purchased a new position in shares of AON in the third quarter valued at about $1,235,437,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON News Roundup

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon-led Dutch defined-contribution arrangement will give pensioners a 13.6% rise, highlighting Aon’s strength in pension design and advisory work — a reputational and fee-generating win for its retirement consulting business. Aon: Dutch pensioners see 13.6% pension rise in new DC arrangement
• Positive Sentiment: Keefe, Bruyette & Woods raised Aon’s price target to $416 (outperform), giving the stock a near-term analyst upside catalyst and signaling continued confidence in Aon’s growth and margin outlook. Keefe Bruyette & Woods raises price target
• Positive Sentiment: Aon plans to enter Japan’s insurance broker market as regulatory barriers ease — a new addressable market that could support revenue growth over time if Aon wins client share. UK’s Aon to enter Japan insurance broker market as rules ease
• Neutral Sentiment: Global Risk Consultants acquired Aon’s U.S. Field Services business (property risk engineering). This is a divestiture that slightly trims Aon’s field footprint but could reflect portfolio optimization rather than earnings pressure. GRC acquires Aon U.S. Field Services
• Neutral Sentiment: Benzinga ran a long-term performance piece on Aon’s returns over 15 years — useful context for investors but not an immediate price catalyst. Here’s How Much $100 Invested In Aon 15 Years Ago Would Be Worth Today
• Negative Sentiment: Eric Andersen, a top Aon executive, has been tapped to become AIG’s CEO — a potential leadership loss for Aon that raises short-term execution risk, succession questions and investor concern about talent drain. Multiple outlets covered the move. AIG Taps Aon’s Eric Andersen to Succeed Peter Zaffino as CEO AIG confirms appointment of Andersen as Zaffino’s successor
• Negative Sentiment: MarketWatch flagged that Aon has underperformed some competitors on the day despite intraday gains, underscoring relative-performance pressure that can weigh on sentiment. Aon PLC stock underperforms despite daily gains

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.