Aon PLC (NYSE:AON) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Other equities analysts also recently issued reports about the stock. UBS AG restated a “neutral” rating and set a $133.00 price objective (up previously from $125.00) on shares of Aon PLC in a report on Friday, May 12th. Langen Mcalenn downgraded shares of Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Citigroup Inc. upped their price objective on shares of Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Janney Montgomery Scott downgraded shares of Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $139.00.

Shares of Aon PLC (NYSE AON) traded down 0.33% during midday trading on Friday, reaching $138.39. 708,835 shares of the company traded hands. The firm has a market capitalization of $35.20 billion, a PE ratio of 20.21 and a beta of 1.03. The company has a 50-day moving average of $136.61 and a 200 day moving average of $125.15. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.45.

Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the Zacks’ 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 during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Aon PLC will post $6.50 earnings per share for the current year.

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In other Aon PLC news, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was 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 available at the SEC website. Also, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were 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 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.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake in shares of Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares during the period. FNY Partners Fund LP bought a new stake in shares of Aon PLC during the first quarter worth about $106,000. Fiduciary Trust Co. bought a new stake in shares of Aon PLC during the second quarter worth about $108,000. Magellan Asset Management Ltd increased its stake in shares of Aon PLC by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after buying an additional 444 shares during the period. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of Aon PLC during the second quarter worth about $126,000. Institutional investors own 86.41% 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.

Analyst Recommendations for Aon PLC (NYSE:AON)

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