AON (NYSE:AON) had its target price boosted by Citigroup from $167.00 to $180.00 in a research note issued on Friday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 21.75% from the company’s current price.

A number of other research analysts have also recently issued reports on AON. Credit Suisse Group assumed coverage on shares of AON in a report on Tuesday, August 7th. They issued a “neutral” rating and a $154.00 target price for the company. Zacks Investment Research cut shares of AON from a “buy” rating to a “hold” rating in a report on Friday, July 6th. Raymond James raised shares of AON from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AON currently has an average rating of “Hold” and a consensus price target of $157.50.

Shares of AON stock opened at $147.84 on Friday. AON has a 12-month low of $130.87 and a 12-month high of $158.77. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $37.32 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.64 and a beta of 0.99.

AON (NYSE:AON) last issued its earnings results on Friday, July 27th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.08. AON had a net margin of 7.41% and a return on equity of 42.17%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that AON will post 8.06 earnings per share for the current year.

In other news, CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey C. Campbell acquired 5,550 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were acquired at an average cost of $143.84 per share, with a total value of $798,312.00. Following the completion of the purchase, the director now owns 7,084 shares in the company, valued at $1,018,962.56. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 8,750 shares of company stock valued at $1,327,685. Corporate insiders own 0.42% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Townsend & Associates Inc purchased a new stake in AON in the 2nd quarter worth approximately $106,000. Pinebridge Investments L.P. purchased a new stake in AON in the 2nd quarter worth approximately $132,000. Shine Investment Advisory Services Inc. grew its stake in AON by 1,468.2% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 969 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in AON by 50.0% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 400 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in AON in the 2nd quarter worth approximately $176,000. 83.42% of the stock is owned by institutional investors and hedge funds.

About AON

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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