Aon PLC (AON) Earns “Hold” Rating from Sandler O’Neill

Sandler O’Neill reissued their hold rating on shares of Aon PLC (NYSE:AON) in a report released on Monday, MarketBeat.com reports.

A number of other analysts also recently weighed in on AON. 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 research report on Monday, July 3rd. Morgan Stanley restated an equal weight rating and issued a $138.00 target price (up previously from $130.00) on shares of Aon PLC in a research report on Thursday, July 6th. BidaskClub upgraded Aon PLC from a buy rating to a strong-buy rating in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Aon PLC from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, Citigroup Inc. boosted their target price on Aon PLC from $144.00 to $155.00 and gave the stock a buy rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Aon PLC has a consensus rating of Hold and a consensus price target of $144.42.

Aon PLC (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. Aon PLC’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is currently 21.79%.

In other news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at $17,367,365.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of AON. Parallel Advisors LLC increased its stake in shares of Aon PLC by 16.7% during the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares during the period. FNY Partners Fund LP purchased a new position in shares of Aon PLC during the first quarter valued at approximately $106,000. Fiduciary Trust Co. purchased a new position in shares of Aon PLC during the second quarter valued at approximately $108,000. Magellan Asset Management Ltd increased its stake in shares of Aon PLC by 110.2% during the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares during the period. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Aon PLC during the second quarter valued at approximately $126,000. 84.52% of the stock is currently owned by hedge funds and other institutional investors.

About Aon PLC

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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