Aon PLC (AON) Price Target Raised to $130.00
Aon PLC (NYSE:AON) had its price target upped by investment analysts at Citigroup Inc. from $125.00 to $130.00 in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 16.10% from the company’s current price.
A number of other brokerages have also weighed in on AON. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Barclays PLC cut their price target on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a report on Friday, September 30th. MKM Partners downgraded Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price target on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and issued a $115.00 price target (up from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Finally, Credit Suisse Group AG set a $90.00 price target on Aon PLC and gave the company a “sell” rating in a report on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $108.75.
Aon PLC (NYSE:AON) traded down 1.71% on Tuesday, reaching $110.06. The company’s stock had a trading volume of 309,072 shares. The firm’s 50 day moving average price is $111.16 and its 200-day moving average price is $108.07. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 20.72 and a beta of 1.02. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.78.
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Aon PLC (NYSE:AON) last issued its earnings results on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.39. The business earned $2.80 billion during the quarter, compared to analyst estimates of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. Aon PLC’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 EPS. Equities analysts forecast that Aon PLC will post $6.49 earnings per share for the current year.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the sale, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of AON. Massachusetts Financial Services Co. MA boosted its position in shares of Aon PLC by 39.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,690,923 shares of the company’s stock valued at $1,495,461,000 after buying an additional 3,874,247 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of Aon PLC during the second quarter valued at about $159,612,000. SPF Beheer BV bought a new position in shares of Aon PLC during the second quarter valued at about $56,241,000. BloombergSen Inc. bought a new position in shares of Aon PLC during the second quarter valued at about $58,537,000. Finally, Artisan Partners Limited Partnership boosted its position in shares of Aon PLC by 2.2% in the second quarter. Artisan Partners Limited Partnership now owns 13,510,473 shares of the company’s stock valued at $1,475,749,000 after buying an additional 288,607 shares during the period. 84.51% of the stock is owned by 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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