Aon PLC (AON) Price Target Raised to $130.00
Aon PLC (NYSE:AON) had its price objective upped by investment analysts at Citigroup Inc. from $125.00 to $130.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 16.10% from the company’s previous close.
A number of other brokerages also recently issued reports on AON. Barclays PLC dropped their price target on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a research report on Friday, September 30th. MKM Partners downgraded Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a research report on Tuesday, August 9th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 price target (up previously from $107.00) on shares of Aon PLC in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $90.00 price target on Aon PLC and gave the company a “sell” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research upgraded Aon PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Aon PLC currently has a consensus rating of “Hold” and a consensus target price of $108.75.
Aon PLC (NYSE:AON) traded down 1.71% on Tuesday, hitting $110.06. 309,072 shares of the stock were exchanged. The firm has a market cap of $29.23 billion, a PE ratio of 20.72 and a beta of 1.02. Aon PLC has a 52-week low of $83.83 and a 52-week high of $113.78. The company has a 50-day moving average price of $111.16 and a 200-day moving average price of $108.07.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.39. The firm earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. On average, equities research analysts anticipate that Aon PLC will post $6.49 EPS for the current fiscal year.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the transaction, the chief executive officer now directly owns 252,071 shares of the company’s stock, valued at $27,327,017.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of AON. Ronna Sue Cohen boosted its position in Aon PLC by 0.3% in the third quarter. Ronna Sue Cohen now owns 6,151 shares of the company’s stock valued at $692,000 after buying an additional 18 shares during the period. Advisor Partners LLC boosted its position in Aon PLC by 2.5% in the second quarter. Advisor Partners LLC now owns 3,215 shares of the company’s stock valued at $351,000 after buying an additional 77 shares during the period. Checchi Capital Advisers LLC boosted its position in Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock valued at $194,000 after buying an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Aon PLC by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,793 shares of the company’s stock valued at $522,000 after buying an additional 108 shares during the period. Finally, First Foundation Advisors boosted its position in Aon PLC by 0.7% in the second quarter. First Foundation Advisors now owns 19,146 shares of the company’s stock valued at $2,091,000 after buying an additional 137 shares during the period. 84.51% of the stock is currently owned by hedge funds and other institutional investors.
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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