Aon PLC (AON) Earns Hold Rating from Royal Bank Of Canada
Aon PLC (NYSE:AON)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a research report issued on Wednesday. They presently have a $143.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 0.25% from the company’s previous close.
AON has been the topic of several other research reports. Jefferies Group LLC reissued a “buy” rating and issued a $146.00 price target on shares of Aon PLC in a report on Friday, June 16th. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank AG lifted their target price on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. BidaskClub downgraded Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Credit Suisse Group set a $133.00 target price on Aon PLC and gave the company a “sell” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $139.00.
Aon PLC (NYSE AON) traded up 2.91% during midday trading on Wednesday, hitting $142.64. The stock had a trading volume of 1,630,923 shares. The firm has a market cap of $37.38 billion, a PE ratio of 37.24 and a beta of 1.02. Aon PLC has a one year low of $107.19 and a one year high of $143.13. The stock has a 50-day moving average price of $138.84 and a 200 day moving average price of $128.49.
Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.45. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, analysts predict that Aon PLC will post $6.50 earnings per share for the current year.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of AON. Nationwide Fund Advisors increased its position in shares of Aon PLC by 1.2% during the 1st quarter. Nationwide Fund Advisors now owns 74,287 shares of the financial services provider’s stock valued at $8,817,000 after purchasing an additional 883 shares during the period. Waldron LP increased its position in shares of Aon PLC by 81.2% during the 1st quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 1,714 shares during the period. Assetmark Inc. increased its position in shares of Aon PLC by 191.4% during the 1st quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 1,514 shares during the period. Cibc World Markets Corp increased its position in shares of Aon PLC by 52.4% during the 1st quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock valued at $3,257,000 after purchasing an additional 9,433 shares during the period. Finally, Kings Point Capital Management increased its position in shares of Aon PLC by 1.6% during the 1st quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock valued at $3,964,000 after purchasing an additional 533 shares during the period. Institutional investors own 84.32% 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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