A number of firms have modified their ratings and price targets on shares of Aon PLC (NYSE: AON) recently:

  • 7/13/2017 – Aon PLC had its price target raised by analysts at Citigroup Inc. from $144.00 to $155.00. They now have a “buy” rating on the stock.
  • 7/11/2017 – Aon PLC was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/11/2017 – Aon PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Aon’s core business strengthening initiatives, efficient capital deployment, strong cash flow position and cost savings from its restructuring programs pave the way for long-term growth. The company divested its non-core HR BPO business to Blackstone. Strong merger and acquisition activities, divestitures and restructuring initiatives position the company favorably for the long run. As a result, the stock has gained 21% year to date compared with 14% increase of the Zacks Insurance Brokerage industry. In addition, the Zacks Consensus Estimate for both 2017 and 2018 have revised upward significantly over past thirty days since it has released strong first quarter results.However, heavy debt burden and associated interest expenses raise concern. Stiff competition, ongoing legal hassles and foreign currency fluctuations remain major headwinds.”
  • 7/6/2017 – Aon PLC had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $138.00 price target on the stock, up previously from $130.00.
  • 7/3/2017 – Aon PLC had its price target raised by analysts at Barclays PLC from $115.00 to $135.00. They now have an “equal weight” rating on the stock.
  • 6/24/2017 – Aon PLC was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/22/2017 – Aon PLC was given a new $133.00 price target on by analysts at Credit Suisse Group. They now have a “sell” rating on the stock.
  • 6/21/2017 – Aon PLC was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating.
  • 6/21/2017 – Aon PLC was downgraded by analysts at Langen Mcalenn from a “buy” rating to a “neutral” rating.
  • 6/16/2017 – Aon PLC had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $146.00 price target on the stock.
  • 6/5/2017 – Aon PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $147.00 price target on the stock. According to Zacks, “Aon’s core business strengthening initiatives, efficient capital deployment, strong cash flow position and cost savings from its restructuring programs pave the way for long-term growth. The company divested its non-core HR BPO business to Blackstone. Strong merger and acquisition activities, divestitures and restructuring initiatives position the company favorably for the long run. As a result, the stock has gained 18% year to date compared with 13.5% increase of the Zacks Insurance Brokerage industry. In addition, the Zacks Consensus Estimate for both 2017 and 2018 have revised upward significantly over past thirty days since it has released strong first quarter results.However, heavy debt burden and associated interest expenses raise concern. Stiff competition, ongoing legal hassles and foreign currency fluctuations remain major headwinds.”
  • 6/2/2017 – Aon PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Aon’s core business strengthening initiatives, efficient capital deployment, strong cash flow position and cost savings from its restructuring programs pave the way for long-term growth. The company divested its non-core HR BPO business to Blackstone. Strong merger and acquisition activities, divestitures and restructuring initiatives position the company favorably for the long run. As a result, the stock has gained 18% year to date compared with 13% increase of the Zacks Insurance Brokerage industry. Its earnings per share also increased 20% in the first quarter on higher revenues. However, heavy debt burden and associated interest expenses raise concern. Stiff competition, ongoing legal hassles and foreign currency fluctuations remain major headwinds.”
  • 5/30/2017 – Aon PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $146.00 price target on the stock. According to Zacks, “Aon’s core business strengthening initiatives, efficient capital deployment, strong cash flow position and cost savings from its restructuring programs pave the way for long-term growth. The company divested its non-core HR BPO business to Blackstone. Strong merger and acquisition activities, divestitures and restructuring initiatives position the company favorably for the long run. As a result, the stock has gained 16.6% year to date compared with 12% increase of the Zacks Insurance Brokerage industry. Its earnings per share surpassed the Zacks Consensus Estimate and also increased 20% from the year-ago quarter, primarily on higher revenues. However, heavy debt burden and associated interest expenses raise concern. Stiff competition, ongoing legal hassles and foreign currency fluctuations remain major headwinds.”

Aon PLC (NYSE:AON) opened at 136.84 on Tuesday. The firm has a 50-day moving average price of $131.15 and a 200-day moving average price of $119.98. The firm has a market cap of $35.86 billion, a PE ratio of 27.03 and a beta of 1.03. Aon PLC has a one year low of $105.35 and a one year high of $137.27.

Aon PLC (NYSE:AON) last issued its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts expect that Aon PLC will post $6.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.05%. Aon PLC’s dividend payout ratio (DPR) is currently 28.18%.

In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of Aon PLC stock in a transaction dated 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 sale, the executive vice president now owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of Aon PLC stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value of $504,760.00. Following the sale, the senior vice president now directly owns 16,314 shares of the company’s stock, valued at approximately $2,058,663.66. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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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