Aon PLC (NYSE:AON) Given “Equal Weight” Rating at Morgan Stanley
Aon PLC (NYSE:AON)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a research note issued on Thursday. They currently have a $138.00 target price on the financial services provider’s stock, up from their prior target price of $130.00. Morgan Stanley’s price objective indicates a potential upside of 3.46% from the stock’s current price.
AON has been the topic of several other research reports. Jefferies Group LLC restated a “buy” rating and set a $146.00 price objective on shares of Aon PLC in a report on Friday, June 16th. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a report on Sunday, April 16th. Zacks Investment Research upgraded Aon PLC from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Credit Suisse Group set a $133.00 target price on Aon PLC and gave the stock a “sell” rating in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG increased their target price on Aon PLC from $108.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Aon PLC presently has an average rating of “Hold” and an average price target of $130.45.
Aon PLC (AON) traded up 0.32% during trading on Thursday, reaching $133.39. The company’s stock had a trading volume of 1,189,710 shares. Aon PLC has a 52 week low of $105.35 and a 52 week high of $137.28. The company has a market capitalization of $34.96 billion, a PE ratio of 26.35 and a beta of 1.03. The company has a 50 day moving average price of $131.15 and a 200-day moving average price of $119.98.
Aon PLC (NYSE:AON) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. Aon PLC had a return on equity of 32.34% and a net margin of 12.23%. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. Aon PLC’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Aon PLC will post $6.53 earnings per share for the current year.
In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the transaction, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $126.19, for a total value of $504,760.00. Following the completion of the transaction, the senior vice president now directly owns 16,314 shares in the company, valued at $2,058,663.66. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new stake in shares of Aon PLC during the first quarter worth about $106,000. Assetmark Inc. raised its stake in shares of Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock worth $274,000 after buying an additional 1,514 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Aon PLC by 15.9% in the first quarter. Douglass Winthrop Advisors LLC now owns 3,025 shares of the financial services provider’s stock worth $359,000 after buying an additional 414 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Aon PLC by 10.4% in the first quarter. IFP Advisors Inc now owns 3,295 shares of the financial services provider’s stock worth $391,000 after buying an additional 310 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in shares of Aon PLC during the fourth quarter worth about $379,000. 86.31% of the stock is currently 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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