Aon PLC (NYSE:AON) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.
A number of other analysts have also recently commented on the stock. Deutsche Bank AG increased their price target on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday. Citigroup Inc. increased their price target on shares of Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a research note on Sunday, August 6th. Wells Fargo & Company reiterated a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price target (up previously from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $139.00.
Shares of Aon PLC (AON) opened at 138.39 on Friday. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 20.21 and a beta of 1.03. Aon PLC has a 1-year low of $107.19 and a 1-year high of $141.45. The company has a 50 day moving average of $136.61 and a 200 day moving average of $125.15.
Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. On average, equities analysts forecast that Aon PLC will post $6.50 earnings per share for the current fiscal year.
In related news, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $126.19, for a total transaction of $504,760.00. Following the transaction, the senior vice president now directly owns 16,314 shares of the company’s stock, valued at $2,058,663.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the transaction, the executive vice president now directly owns 20,216 shares in the company, valued at $2,636,166.40. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares in the last quarter. FNY Partners Fund LP acquired a new position in Aon PLC during the first quarter worth approximately $106,000. Fiduciary Trust Co. acquired a new position in Aon PLC during the second quarter worth approximately $108,000. Magellan Asset Management Ltd raised its position in Aon PLC by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after buying an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new position in Aon PLC during the second quarter worth approximately $126,000. 86.41% of the stock is currently owned by institutional investors and hedge funds.
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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