Aon PLC (NYSE:AON) had its price objective lifted by stock analysts at Wells Fargo & Company from $138.00 to $143.00 in a report issued on Monday. The firm currently has a “market perform” rating on the financial services provider’s stock. Wells Fargo & Company’s target price would indicate a potential downside of 0.30% from the stock’s current price.
Several other research firms have also issued reports on AON. Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $154.00 price target on shares of Aon PLC in a research report on Monday, October 16th. Jefferies Group LLC restated a “buy” rating and issued a $162.00 price target on shares of Aon PLC in a research report on Friday, October 13th. Barclays PLC raised their price target on shares of Aon PLC 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 shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $144.42.
Shares of Aon PLC (NYSE:AON) opened at 143.43 on Monday. The firm has a market cap of $36.48 billion, a price-to-earnings ratio of 20.95 and a beta of 1.04. The stock has a 50 day moving average of $147.09 and a 200-day moving average of $136.35. Aon PLC has a 52 week low of $107.50 and a 52 week high of $152.78.
Aon PLC (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, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Equities research analysts expect that Aon PLC 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 firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp bought a new position in Aon PLC during the 2nd quarter valued at about $1,600,000. Swiss National Bank lifted its holdings in Aon PLC by 2.8% during the 2nd quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock valued at $131,670,000 after purchasing an additional 27,000 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Aon PLC by 16.1% during the 2nd quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock valued at $151,999,000 after purchasing an additional 158,175 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Aon PLC by 15.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,013 shares of the financial services provider’s stock valued at $8,112,000 after purchasing an additional 8,289 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its holdings in Aon PLC by 0.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 216,777 shares of the financial services provider’s stock valued at $28,821,000 after purchasing an additional 804 shares during the last quarter. 84.52% of the stock is 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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