AON (AON) Now Covered by Analysts at Goldman Sachs Group

Goldman Sachs Group assumed coverage on shares of AON (NYSE:AON) in a research report sent to investors on Monday. The brokerage issued a neutral rating and a $149.00 target price on the financial services provider’s stock.

Several other research analysts have also recently commented on AON. Deutsche Bank raised their target price on AON from $113.00 to $123.00 and gave the stock a hold rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a hold rating and set a $143.00 price objective on shares of AON in a research note on Sunday, August 6th. ValuEngine lowered AON from a buy rating to a hold rating in a research note on Monday, October 2nd. BidaskClub lowered AON from a strong-buy rating to a buy rating in a research note on Friday, August 18th. Finally, Citigroup increased their price objective on AON from $155.00 to $159.00 and gave the stock a buy rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $144.77.

Shares of AON (AON) traded down $2.57 during mid-day trading on Monday, reaching $139.67. The company had a trading volume of 1,501,300 shares, compared to its average volume of 1,088,606. The company has a market capitalization of $35,545.45, a PE ratio of 21.07, a P/E/G ratio of 1.85 and a beta of 1.04. AON has a 52-week low of $109.82 and a 52-week high of $152.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.35 and a current ratio of 2.35.

AON (NYSE:AON) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. AON’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.29 earnings per share. research analysts anticipate that AON will post 6.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 1.03%. AON’s dividend payout ratio is currently 21.79%.

In other news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $141.20, for a total value of $564,800.00. Following the completion of the sale, the senior vice president now owns 12,314 shares of the company’s stock, valued at $1,738,736.80. The disclosure for this sale can be found here. Insiders have sold 61,680 shares of company stock valued at $8,756,687 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Several large investors have recently made changes to their positions in AON. Parallel Advisors LLC increased its stake in shares of AON by 16.7% in 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 in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of AON in the third quarter valued at $105,000. Fiduciary Trust Co. acquired a new stake in shares of AON in the second quarter valued at $108,000. Magellan Asset Management Ltd increased its stake in shares of AON by 110.2% in 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 in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of AON in the third quarter valued at $121,000. Institutional investors own 87.66% of the company’s stock.

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AON 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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