Aon PLC (AON) Earns “Buy” Rating from Keefe, Bruyette & Woods
Aon PLC (NYSE:AON)‘s stock had its “buy” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Monday. They presently have a $154.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 2.70% from the stock’s previous close.
Several other research firms also recently issued reports on AON. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective on shares of Aon PLC in a report on Friday. Barclays PLC upped their target price on Aon PLC from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday. ValuEngine downgraded Aon PLC from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a report on Wednesday, September 6th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. One investment 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $141.10.
Shares of Aon PLC (AON) traded up 0.38% during midday trading on Monday, hitting $149.95. 521,663 shares of the stock were exchanged. Aon PLC has a one year low of $107.19 and a one year high of $150.16. The stock has a market cap of $39.30 billion, a P/E ratio of 39.15 and a beta of 1.04. The stock’s 50-day moving average price is $144.14 and its 200 day moving average price is $133.84.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The firm 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 for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. On average, analysts anticipate that Aon PLC will post $6.50 earnings per share for the current year.
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In related news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 grew its stake in shares of Aon PLC by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares in the last quarter. FNY Partners Fund LP bought a new stake in shares of Aon PLC in the 1st quarter valued at approximately $106,000. Fiduciary Trust Co. bought a new stake in shares of Aon PLC in the 2nd quarter valued at approximately $108,000. Magellan Asset Management Ltd grew its stake in shares of Aon PLC by 110.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of Aon PLC in the 2nd quarter valued at approximately $126,000. 84.01% of the stock is owned by institutional investors and hedge funds.
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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