Aon PLC (AON) Stock Rating Upgraded by Keefe, Bruyette & Woods
Aon PLC (NYSE:AON) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Monday.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Sandler O’Neill raised Aon PLC from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Royal Bank Of Canada lowered Aon PLC from an “outperform” rating to a “sector perform” rating in a report on Monday, October 31st. RBC Capital Markets lowered Aon PLC from an “outperform” rating to a “sector perform” rating and set a $116.00 target price for the company. in a report on Monday, October 31st. They noted that the move was a valuation call. Finally, Citigroup Inc. lifted their target price on Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Aon PLC presently has a consensus rating of “Hold” and a consensus price target of $110.25.
Aon PLC (NYSE:AON) opened at 111.96 on Monday. The stock’s 50 day moving average price is $110.46 and its 200-day moving average price is $109.28. The stock has a market cap of $29.46 billion, a PE ratio of 20.64 and a beta of 1.02. Aon PLC has a 12 month low of $83.83 and a 12 month high of $113.78.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.01. Aon PLC had a return on equity of 30.61% and a net margin of 12.75%. The company earned $2.70 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Analysts anticipate that Aon PLC will post $6.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $1.32 annualized dividend and a yield of 1.18%. Aon PLC’s dividend payout ratio (DPR) is presently 24.49%.
A number of institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its position in Aon PLC by 751.2% in the third quarter. D.A. Davidson & CO. now owns 5,056 shares of the company’s stock valued at $566,000 after buying an additional 4,462 shares during the period. Brinker Capital Inc. increased its position in Aon PLC by 37.2% in the third quarter. Brinker Capital Inc. now owns 3,837 shares of the company’s stock valued at $432,000 after buying an additional 1,040 shares during the period. Piedmont Investment Advisors LLC bought a new position in Aon PLC during the third quarter valued at $6,088,000. Colony Group LLC bought a new position in Aon PLC during the third quarter valued at $253,000. Finally, LPL Financial LLC increased its position in Aon PLC by 60.0% in the third quarter. LPL Financial LLC now owns 12,764 shares of the company’s stock valued at $1,422,000 after buying an additional 4,786 shares during the period. Institutional investors own 85.55% 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.
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