Aon PLC (AON) Price Target Increased to $123.00 by Analysts at Deutsche Bank AG

Aon PLC (NYSE:AON) had its price objective raised by Deutsche Bank AG from $113.00 to $123.00 in a report released on Wednesday, August 9th. Deutsche Bank AG currently has a hold rating on the financial services provider’s stock.

AON has been the topic of a number of other reports. Jefferies Group LLC reissued a buy rating and set a $146.00 target price on shares of Aon PLC in a research report on Friday, June 16th. Wells Fargo & Company reissued a hold rating on shares of Aon PLC in a research report on Sunday, April 16th. Zacks Investment Research raised shares of Aon PLC from a sell rating to a hold rating in a research report on Wednesday, May 10th. BidaskClub cut shares of Aon PLC from a strong-buy rating to a buy rating in a research report on Monday, July 31st. Finally, Credit Suisse Group set a $133.00 target price on shares of Aon PLC and gave the stock a sell rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Aon PLC has an average rating of Hold and a consensus target price of $139.00.

Shares of Aon PLC (AON) traded down 0.13% during midday trading on Wednesday, hitting $136.52. 1,345,602 shares of the stock were exchanged. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.45. The firm has a 50 day moving average of $137.37 and a 200 day moving average of $126.07. The firm has a market cap of $34.72 billion, a P/E ratio of 19.94 and a beta of 1.03.

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

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The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a $0.36 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.05%. Aon PLC’s dividend payout ratio is presently 20.48%.

In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the completion of the sale, the executive vice president now owns 20,216 shares in the company, valued at $2,636,166.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AON. Toronto Dominion Bank raised its stake in Aon PLC by 25.3% in the second quarter. Toronto Dominion Bank now owns 88,784 shares of the financial services provider’s stock valued at $11,802,000 after buying an additional 17,917 shares during the last quarter. WINTON GROUP Ltd raised its stake in Aon PLC by 80.8% in the second quarter. WINTON GROUP Ltd now owns 129,742 shares of the financial services provider’s stock valued at $17,249,000 after buying an additional 57,983 shares during the last quarter. Greenwood Gearhart Inc. raised its stake in Aon PLC by 1.9% in the second quarter. Greenwood Gearhart Inc. now owns 40,726 shares of the financial services provider’s stock valued at $5,415,000 after buying an additional 765 shares during the last quarter. Colony Group LLC acquired a new stake in Aon PLC during the second quarter valued at $302,000. Finally, Robecosam AG raised its stake in Aon PLC by 26.5% in the second quarter. Robecosam AG now owns 43,574 shares of the financial services provider’s stock valued at $5,788,000 after buying an additional 9,124 shares during the last quarter. Hedge funds and other institutional investors own 85.91% of the company’s stock.

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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