Aon PLC (AON) Downgraded by ValuEngine
ValuEngine lowered shares of Aon PLC (NYSE:AON) from a buy rating to a hold rating in a research report released on Monday morning.
AON has been the topic of a number of other reports. Jefferies Group LLC restated a buy rating and issued a $146.00 price objective on shares of Aon PLC in a report on Friday, June 16th. Deutsche Bank AG raised their target price on Aon PLC from $113.00 to $123.00 and gave the company a hold rating in a report on Wednesday, August 9th. BidaskClub downgraded Aon PLC from a strong-buy rating to a buy rating in a report on Monday, July 31st. Zacks Investment Research downgraded Aon PLC from a buy rating to a hold rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group set a $133.00 target price on Aon PLC and gave the company a sell rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Aon PLC currently has a consensus rating of Hold and a consensus price target of $138.20.
Aon PLC (NYSE:AON) opened at 146.65 on Monday. The firm has a market capitalization of $37.30 billion, a P/E ratio of 21.42 and a beta of 1.04. Aon PLC has a 12 month low of $107.19 and a 12 month high of $147.66. The stock’s 50 day moving average price is $142.01 and its 200-day moving average price is $132.22.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. On average, analysts forecast that Aon PLC will post $6.50 earnings per share for the current year.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred 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 in the company, valued at approximately $17,951,725. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AON. Waldron LP grew its position in shares of Aon PLC by 81.2% in the 1st quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 1,714 shares in the last quarter. Financial Counselors Inc. grew its position in shares of Aon PLC by 1.6% in the 1st quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 57 shares in the last quarter. Cleararc Capital Inc. grew its position in shares of Aon PLC by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 56 shares in the last quarter. Greenwood Gearhart Inc. grew its position in shares of Aon PLC by 7.4% in the 1st quarter. Greenwood Gearhart Inc. now owns 39,961 shares of the financial services provider’s stock worth $4,743,000 after acquiring an additional 2,760 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new position in shares of Aon PLC in the 1st quarter worth approximately $106,000. Institutional investors own 84.32% 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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