Aon PLC (AON) Given Average Rating of “Hold” by Analysts
Shares of Aon PLC (NYSE:AON) have earned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $128.80.
AON has been the subject of a number of recent analyst reports. Citigroup Inc. raised their price objective on shares of Aon PLC from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Zacks Investment Research lowered shares of Aon PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a research note on Sunday, April 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $146.00 price objective (up previously from $137.00) on shares of Aon PLC in a research note on Tuesday, May 9th. Finally, Credit Suisse Group reaffirmed a “sell” rating and issued a $122.00 price objective on shares of Aon PLC in a research note on Wednesday, May 10th.
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Aon PLC (NYSE AON) traded down 0.93% during midday trading on Tuesday, reaching $134.04. The company had a trading volume of 815,203 shares. The company has a market capitalization of $35.13 billion, a P/E ratio of 26.48 and a beta of 1.03. The company’s 50 day moving average is $131.15 and its 200-day moving average is $119.98. Aon PLC has a 52-week low of $105.35 and a 52-week high of $137.27.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Aon PLC had a net margin of 12.23% and a return on equity of 32.34%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.35 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Equities analysts expect that Aon PLC will post $6.53 earnings per share for the current fiscal year.
In related news, SVP Laurel G. Meissner sold 4,000 shares of Aon PLC stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total value of $504,760.00. Following the transaction, the senior vice president now owns 16,314 shares in the company, valued at approximately $2,058,663.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter M. Lieb sold 2,000 shares of Aon PLC stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the completion of the transaction, the executive vice president now owns 20,216 shares in the company, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AON. Russell Investments Group Ltd. increased its position in shares of Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock valued at $124,125,000 after buying an additional 210,931 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Aon PLC by 264.3% in the first quarter. BNP Paribas Arbitrage SA now owns 235,771 shares of the financial services provider’s stock valued at $27,984,000 after buying an additional 171,051 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Aon PLC by 181.6% in the first quarter. Canada Pension Plan Investment Board now owns 201,764 shares of the financial services provider’s stock valued at $23,947,000 after buying an additional 130,109 shares during the period. Karp Capital Management Corp purchased a new position in shares of Aon PLC during the first quarter valued at approximately $14,657,000. Finally, FMR LLC increased its position in shares of Aon PLC by 12.6% in the fourth quarter. FMR LLC now owns 791,615 shares of the financial services provider’s stock valued at $88,288,000 after buying an additional 88,761 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.
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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