Aon PLC (NYSE:AON) Price Target Raised to $159.00 at Citigroup Inc.
Aon PLC (NYSE:AON) had its price target lifted by equities researchers at Citigroup Inc. from $155.00 to $159.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup Inc.’s price objective suggests a potential upside of 14.58% from the stock’s previous close.
AON has been the topic of several other reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $138.00 target price (up from $130.00) on shares of Aon PLC in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $146.00 target price (up from $137.00) on shares of Aon PLC in a research note on Tuesday, May 9th. BidaskClub raised shares of Aon PLC from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Langen Mcalenn downgraded shares of Aon PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $136.17.
Aon PLC (NYSE AON) traded down 0.13% during midday trading on Monday, hitting $138.77. 944,936 shares of the stock were exchanged. The company’s 50 day moving average is $135.80 and its 200-day moving average is $123.89. The stock has a market cap of $36.37 billion, a PE ratio of 27.41 and a beta of 1.03. Aon PLC has a 1-year low of $107.19 and a 1-year high of $141.30.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect that Aon PLC will post $6.49 earnings per share for the current year.
In other Aon PLC news, SVP Laurel G. Meissner sold 4,000 shares of the business’s 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 completion of the transaction, the senior vice president now owns 16,314 shares of the company’s stock, valued at approximately $2,058,663.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter M. Lieb sold 2,000 shares of the business’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 completion of the transaction, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board raised 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 worth $23,947,000 after buying an additional 130,109 shares during the period. Ronna Sue Cohen raised its position in shares of Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after buying an additional 18 shares during the period. Gateway Investment Advisers LLC raised its position in shares of Aon PLC by 3.0% in the second quarter. Gateway Investment Advisers LLC now owns 224,226 shares of the financial services provider’s stock worth $29,811,000 after buying an additional 6,521 shares during the period. Egerton Capital UK LLP acquired a new position in shares of Aon PLC during the second quarter worth $45,094,000. Finally, Aperio Group LLC raised its position in shares of Aon PLC by 11.9% in the second quarter. Aperio Group LLC now owns 138,213 shares of the financial services provider’s stock worth $18,375,000 after buying an additional 14,727 shares during the period. 86.41% of the stock is owned by institutional investors and hedge funds.
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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