Zacks Investment Research upgraded shares of Aon plc Class A (NYSE:AON) from a sell rating to a hold rating in a report issued on Wednesday.

According to Zacks, “Aon’s shares have outperformed the industry in a year’s time. Its core business strengthening initiatives, efficient capital deployment, strong cash flow position and cost savings from its restructuring programs bode well for long-term growth. The company divested its non-core HR BPO business to Blackstone in order to streamline its core operations. However, Its rising level of debt continues to bother. This results in increased interest expenses that weigh on the bottom line. Also, Aon’s geographically diversified operations are  exposed to foreign currency fluctuations.”

Several other equities analysts have also recently issued reports on the stock. Barclays reiterated a hold rating and set a $135.00 price target on shares of Aon plc Class A in a research report on Tuesday. ValuEngine cut shares of Aon plc Class A from a buy rating to a hold rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reiterated a buy rating and set a $158.00 price target on shares of Aon plc Class A in a research report on Wednesday, December 6th. Goldman Sachs Group started coverage on shares of Aon plc Class A in a research note on Monday, December 4th. They set a neutral rating and a $149.00 price objective on the stock. Finally, Wells Fargo & Co boosted their price objective on shares of Aon plc Class A from $138.00 to $143.00 and gave the stock a market perform rating in a research note on Monday, October 30th. One equities 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 stock presently has a consensus rating of Hold and a consensus target price of $144.69.

Shares of Aon plc Class A (AON) traded up $1.28 during midday trading on Wednesday, hitting $136.55. 894,725 shares of the company traded hands, compared to its average volume of 1,025,670. Aon plc Class A has a one year low of $109.82 and a one year high of $152.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $33,803.66, a PE ratio of 20.66, a P/E/G ratio of 1.42 and a beta of 1.04.

Aon plc Class A (NYSE:AON) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Aon plc Class A had a net margin of 16.78% and a return on equity of 32.71%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. Aon plc Class A’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts anticipate that Aon plc Class A will post 6.53 EPS for the current year.

In other news, SVP Laurel G. Meissner sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 12,314 shares in the company, valued at $1,738,736.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Zern sold 17,680 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the completion of the transaction, the chief executive officer now owns 27,695 shares in the company, valued at approximately $3,871,484.05. The disclosure for this sale can be found here. Insiders have sold 41,680 shares of company stock worth $5,903,887 in the last three months. 0.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Aon plc Class A by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after buying an additional 415,363 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Aon plc Class A by 0.6% in the second quarter. BlackRock Inc. now owns 15,663,729 shares of the financial services provider’s stock worth $2,082,493,000 after buying an additional 100,762 shares in the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of Aon plc Class A by 4.5% in the third quarter. Longview Partners Guernsey LTD now owns 7,001,377 shares of the financial services provider’s stock worth $1,022,901,000 after buying an additional 301,300 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of Aon plc Class A by 0.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,169,376 shares of the financial services provider’s stock worth $755,246,000 after buying an additional 38,212 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Aon plc Class A by 9.8% in the third quarter. Janus Henderson Group PLC now owns 3,492,001 shares of the financial services provider’s stock worth $510,175,000 after buying an additional 311,733 shares in the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

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Aon plc Class A 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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