Aon plc Class A (NYSE:AON) had its target price boosted by equities research analysts at Jefferies Group LLC from $162.00 to $170.00 in a report released on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Group LLC’s target price indicates a potential upside of 18.52% from the company’s previous close.
Several other equities research analysts have also weighed in on the company. Sandler O’Neill reaffirmed a “hold” rating on shares of Aon plc Class A in a research report on Monday. Zacks Investment Research raised Aon plc Class A from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $154.00 target price on shares of Aon plc Class A in a research report on Monday, October 16th. Barclays PLC increased their target price on Aon plc Class A from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. Finally, ValuEngine lowered Aon plc Class A from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Aon plc Class A currently has a consensus rating of “Hold” and an average price target of $144.42.
Aon plc Class A (NYSE AON) opened at 143.43 on Monday. The stock has a market capitalization of $36.48 billion, a price-to-earnings ratio of 20.95 and a beta of 1.04. The stock’s 50 day moving average is $147.09 and its 200-day moving average is $136.35. Aon plc Class A has a 12 month low of $107.50 and a 12 month high of $152.78.
Aon plc Class A (NYSE:AON) last posted its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. Aon plc Class A had a return on equity of 32.71% and a net margin of 16.78%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. On average, equities research analysts expect that Aon plc Class A will post $6.50 earnings per share for the current year.
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In other news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AON. Janus Henderson Group PLC grew its stake in shares of Aon plc Class A by 1,108.1% in the second quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock worth $422,814,000 after purchasing an additional 2,917,018 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Aon plc Class A by 2,385.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock worth $162,757,000 after purchasing an additional 1,174,940 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Aon plc Class A by 139.9% in the third quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock worth $139,369,000 after purchasing an additional 556,300 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Aon plc Class A by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after purchasing an additional 415,363 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new position in shares of Aon plc Class A in the second quarter worth $45,094,000. 84.52% of the stock is owned by institutional investors.
About Aon plc Class A
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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