Aon PLC (AON) Upgraded by BidaskClub to Strong-Buy

Aon PLC (NYSE:AON) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, July 11th.

Several other research firms have also commented on AON. Credit Suisse Group set a $133.00 price objective on Aon PLC and gave the stock a “sell” rating in a research note on Thursday, June 22nd. Barclays PLC boosted their target price on Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a report on Tuesday, May 30th. Deutsche Bank AG boosted their target price on Aon PLC from $108.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Finally, Janney Montgomery Scott cut Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $139.00.

Aon PLC (NYSE:AON) traded down 0.33% during trading on Tuesday, hitting $138.39. The stock had a trading volume of 708,835 shares. Aon PLC has a 52-week low of $107.19 and a 52-week high of $141.45. The company has a market cap of $35.20 billion, a price-to-earnings ratio of 20.21 and a beta of 1.03. The firm’s 50-day moving average price is $136.61 and its 200-day moving average price is $125.15.

Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the business earned $1.39 EPS. Aon PLC’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.

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In related news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the transaction, the executive vice president now owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total value of $504,760.00. Following the completion of the transaction, the senior vice president now directly owns 16,314 shares in the company, valued at approximately $2,058,663.66. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of AON. BNP Paribas Arbitrage SA increased its position in Aon PLC by 264.3% in the first quarter. BNP Paribas Arbitrage SA now owns 235,771 shares of the financial services provider’s stock valued at $27,984,000 after buying an additional 171,051 shares in the last quarter. Syntal Capital Partners LLC increased its position in Aon PLC by 60.4% in the first quarter. Syntal Capital Partners LLC now owns 4,042 shares of the financial services provider’s stock valued at $479,000 after buying an additional 1,522 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Aon PLC by 181.6% in the first quarter. Canada Pension Plan Investment Board now owns 201,764 shares of the financial services provider’s stock valued at $23,947,000 after buying an additional 130,109 shares in the last quarter. IFP Advisors Inc increased its position in Aon PLC by 10.4% in the first quarter. IFP Advisors Inc now owns 3,295 shares of the financial services provider’s stock valued at $391,000 after buying an additional 310 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock valued at $124,125,000 after buying an additional 210,931 shares in the last quarter. 86.41% of the stock is currently owned by hedge funds and other institutional investors.

Aon PLC Company Profile

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

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