Aon PLC (AON) Given Average Recommendation of “Hold” by Brokerages
Aon PLC (NYSE:AON) has earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $141.10.
AON has been the subject of a number of recent research reports. Credit Suisse Group set a $133.00 price target on shares of Aon PLC and gave the stock a “sell” rating in a report on Thursday, June 22nd. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Barclays PLC boosted their target price on shares of Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, Zacks Investment Research downgraded shares of Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,951,725. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its stake in Aon PLC by 0.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock worth $548,000 after buying an additional 15 shares during the period. Ronna Sue Cohen grew its stake in Aon PLC by 0.3% during the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after buying an additional 18 shares during the period. Checchi Capital Advisers LLC grew its stake in Aon PLC by 1.1% during the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock worth $299,000 after buying an additional 25 shares during the period. Quadrant Capital Group LLC grew its stake in Aon PLC by 2.3% during the second quarter. Quadrant Capital Group LLC now owns 1,661 shares of the financial services provider’s stock worth $216,000 after buying an additional 38 shares during the period. Finally, LS Investment Advisors LLC grew its stake in Aon PLC by 0.3% during the second quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 40 shares during the period. Institutional investors own 84.01% of the company’s stock.
Aon PLC (NYSE:AON) traded up 0.82% during mid-day trading on Thursday, hitting $150.82. 628,299 shares of the stock traded hands. Aon PLC has a 12-month low of $107.19 and a 12-month high of $150.86. The firm’s 50-day moving average is $144.95 and its 200-day moving average is $134.40. The company has a market cap of $38.36 billion, a price-to-earnings ratio of 22.03 and a beta of 1.04.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. Equities research analysts expect that Aon PLC will post $6.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 0.96%. Aon PLC’s dividend payout ratio is currently 20.48%.
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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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