Aon PLC (AON) Given Average Rating of “Hold” by Brokerages
Aon PLC (NYSE:AON) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $107.45.
AON has been the topic of several recent research reports. Barclays PLC reduced their target price on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Friday, September 30th. Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Citigroup Inc. raised their target price on shares of Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Credit Suisse Group AG set a $90.00 target price on shares of Aon PLC and gave the company a “sell” rating in a research note on Monday, September 12th. Finally, Jefferies Group increased their price target on shares of Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st.
Aon PLC (NYSE:AON) traded down 0.0596% during mid-day trading on Wednesday, reaching $110.5241. 289,082 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $111.22 and a 200-day moving average price of $108.32. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.78. The stock has a market cap of $29.36 billion, a P/E ratio of 20.8104 and a beta of 1.02.
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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 (EPS) for the quarter, meeting the consensus estimate of $1.39. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 EPS. Equities research analysts anticipate that Aon PLC will post $6.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, October 28th. This represents a $1.32 annualized dividend and a dividend yield of 1.19%. Aon PLC’s dividend payout ratio is currently 24.95%.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the transaction, the chief executive officer now directly owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. 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 in the last quarter. 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 in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Aon PLC by 5.6% in the second quarter. Mawer Investment Management Ltd. now owns 4,761,899 shares of the company’s stock valued at $520,142,000 after buying an additional 252,172 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Aon PLC by 6.1% in the second quarter. BlackRock Group LTD now owns 2,150,028 shares of the company’s stock valued at $234,848,000 after buying an additional 123,129 shares in the last quarter. Finally, Tesco Pension Investment Ltd acquired a new position in shares of Aon PLC during the third quarter valued at $184,311,000. 84.50% 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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