BidaskClub Lowers Aon PLC (AON) to Buy
Aon PLC (NYSE:AON) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
A number of other equities analysts have also commented on the company. UBS AG reissued a “neutral” rating and set a $133.00 price target (up from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. Langen Mcalenn lowered Aon PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Citigroup Inc. increased their price target on Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Janney Montgomery Scott lowered Aon PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $162.00 price target (up from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $139.00.
Aon PLC (NYSE:AON) traded down 0.13% during mid-day trading on Friday, hitting $136.52. The company’s stock had a trading volume of 1,345,602 shares. The stock has a market cap of $34.72 billion, a P/E ratio of 19.94 and a beta of 1.03. The company’s 50 day moving average is $137.37 and its 200-day moving average is $126.07. Aon PLC has a 52-week low of $107.19 and a 52-week 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 analysts’ consensus estimates of $1.45. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. On average, equities analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.
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In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 20,216 shares in the company, valued at approximately $2,636,166.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AON. Toronto Dominion Bank increased its position in Aon PLC by 25.3% in the second quarter. Toronto Dominion Bank now owns 88,784 shares of the financial services provider’s stock valued at $11,802,000 after buying an additional 17,917 shares during the last quarter. WINTON GROUP Ltd increased its position in Aon PLC by 80.8% in the second quarter. WINTON GROUP Ltd now owns 129,742 shares of the financial services provider’s stock valued at $17,249,000 after buying an additional 57,983 shares during the last quarter. Greenwood Gearhart Inc. increased its position in Aon PLC by 1.9% in the second quarter. Greenwood Gearhart Inc. now owns 40,726 shares of the financial services provider’s stock valued at $5,415,000 after buying an additional 765 shares during the last quarter. Colony Group LLC purchased a new position in Aon PLC during the second quarter valued at approximately $302,000. Finally, Robecosam AG increased its position in Aon PLC by 26.5% in the second quarter. Robecosam AG now owns 43,574 shares of the financial services provider’s stock valued at $5,788,000 after buying an additional 9,124 shares during the last quarter. Institutional investors own 85.91% of the company’s stock.
Aon PLC Company Profile
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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